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CMHC changes mortgage rules in the COVID-19 era

Monday Jul 6th, 2020

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CMHC

Canada Mortgage and Housing Corporation (CMHC) is a Canadian Corporation that offers mortgage liquidity, housing assistance, advice, and research assistance to the Canadian citizens, the government, and the real estate industry. The CMHC is a crucial part of the Canadian administration because it administers the Covered Bond Legal Framework. Its key responsibilities are to register and maintain a list of issuers and programs and set up the Covered Bonds Guide. It is dedicated to helping... [read more]

Mortgage Stress Test: Everything You Need To Know About It

Wednesday Aug 11th, 2021

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Toronto Condo Team

The new mortgage stress test rules are out. With these rules, it will be more difficult for new and renewing mortgage borrowers to be eligible for their home loan commencing June 1st, 2021. The “stress test” now looks at a higher threshold. The Introduction to Stress Test A mortgage stress test was introduced in 2018 for all Canadian homebuyers. This catered to validating whether they can make a down payment of 20% or more on a home. Additionally, new mortgage stress test... [read more]

How Much Down Payment For A Condo

Wednesday Feb 23rd, 2022

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Luxury Condos Toronto

Calculating Your Downpayment for Condo In Toronto Making plans to buy a brand new property is a reason to celebrate. However, it can be challenging to determine the exact down payment needed for a condo in Toronto. At The Toronto Condo Team, we have created an outline of down payments for condos so you have all the information and can pay for your new home. What Is The Cost Of A Condo Downpayment? The typical down payment for Condos in Toronto could go down to as little as 5%.... [read more]

How to Invest in Canada’s Crowd Funded Real Estate

Monday Sep 11th, 2017

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How to Invest in Canada’s Crowd Funded Real Estate

How to Invest in Canada’s Crowd Funded Real Estate Over the years, Crowdfunding has evolved dynamically. It is basically a practice of funding in property or projects from the public of different countries, mainly through internet. People with high opulence approach the crowdfunding website, choose the project they like to invest in and get return on investment over a bunch of hold years. There exists a high risk, but even a small investment can help you raise a large amount of... [read more]

How Much Money Do I Need to Buy A House in Toronto?

Thursday Jan 24th, 2019

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Toronto condo purchase

The cost of buying a home factors in way more than the moving truck rental and the initial purchase price. First time home-buyers get a massive surprise on the closing day when they see the amount they are presented with the final cost. Wouldn’t it be better to be financially prepared by knowing what to expect in advance? While industry leaders may look at the Toronto housing market through an analytical lens of interest rates, shifting sales numbers, and percentages. However, an average... [read more]

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