June 2020

Happy Father's Day

Posted on Jun 21, 2020

This Father's Day is a bit bittersweet for me personally. My Father passed away last August. While I think about him often, not being able to see him, call him, etc today for the first time in my 54 years as his son makes today a bit rough. On the flip of that, between last night and today, I did get to spend some time with both of my teen aged kid...

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CMHC Changes as of JULY 1

Posted on Jun 07, 2020

Canada Mortgage and Housing Corporation (CMHC) has announced some changes that will take place July 1, 2020. 

These changes include limiting Gross/Total Debt Service (GDS/TDS) to 35% and 42% respectively. The minimum credit score required for at least one buyer is being raised from 600 to 680. Additionally, you will no longer be able to borrow your d...

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