Tag Archives: financing

More CMHC rule changes July 1st — bad news for buyers

So, CMHC is once again making it harder for buyers to borrow money. My guess is that this is due to fear of buyers not being able to manage debt because of the pandemic, but it strikes me as a … Continue reading

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Help – the bank wants to sell my home under a Power of Sale. Is there any way to keep my house and/or my credit rating?

A Power of Sale is where a bank or lender has evicted the occupants of a home for failing to pay off their mortgage (often referred to as “defaulting” on their mortgage payments) and are now taking steps to sell … Continue reading

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