The government seems prepared to sit pat with the current set of mortgage rules — the Finance minister viewing, with some irony, banker calls for tighter ones. “I find it a bit off that some of the bank executives are taking the position that the Minister of Finance or the government somehow should tell them […]
The average resale condominium apartment price in Ottawa is currently hovering around the $290,000 mark and commanding a monthly mortgage carrying cost, not including condo fees, upward of $1,450. Since the average two bedroom rent for privately initiated apartment units remained 25 per cent more affordable, some young households are remaining in rental accommodation longer. […]
Under new government lending rules, mortgages can only be provided to Self-employed individuals with at least two years experience running their own business before getting approved.
Under new government lending rules, mortgages can only be provided to bankrupt persons three years after they’ve started re-building their credit.
We firmly believe that all Canadians deserve a place they can call home. Our goal is to transform current renters into future home owners. This can be achieved through the use of our unique Rent to Own programs.