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 […]
Government in no rush to tighten mortgage rules
Condo resale prices in Ottawa
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. […]
I am self-employed, how long do I need to qualify for a mortgage?
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.
I am bankrupt, how long do I need to qualify for a mortgage?
Under new government lending rules, mortgages can only be provided to bankrupt persons three years after they’ve started re-building their credit.
Customized Rent to Own Program
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.