Tag Archives: qualifying

New Mortgage Rules – and how they affect buyers

This just in from Cathy Macdonald, an Ottawa mortgage broker, about the effect of the today’s rule changes on buyers:   Significant Mortgage Qualifying Changes Announced Today Do you have buyers who are pre-approved and planning to buy at or … Continue reading

Posted in Mortgages, Realtors | Tagged , , , , | Leave a comment

The new CMHC rules for guarantors are totally nuts.

In May of this year, I had clients looking to buy a property for their adult children. They wanted to buy a house where the children would have title registered in their names but the parents would guarantee the mortgage. That way, … Continue reading

Posted in First time Buyers | Tagged , , , , , , , , , | Leave a comment