Can you get a mortgage if you’re self-employed? It’s not easy, but it’s not impossible + MORE May 16th
Mortgage industry reps provide feds with proposals to address housing affordability Nov 13th
Bloom unveils new home equity prepaid Mastercard as novel way for seniors to fund retirement + MORE Mar 16th
The latest in mortgage news: record population growth to keep upward pressure on home prices + MORE Jul 21st
RBC and NBC are the latest big banks to hike fixed mortgage rates + MORE Jun 3rd
However, many retirees—including me—have grown children struggling to get onto the first rung of the real estate ladder. Coming up with a down payment is still difficult. Home prices have fallen since interest rates started to rise in 2022, but mortgage affordability is still an issue for many young Canadians just starting out in their careers.
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All of which makes the new first home savings account (FHSA) timely: Scheduled to debut on April 1, 2023, the FHSA is a much-talked about financial product right now. See some excellent blogger commentary on the topic, notably this one from Dale Roberts’ cutthecrapinvesting…
Mortgage activity in Quebec fell 16% last year amid higher rates
– canadianmortgagetrends.com