by REM Editorial Team | Dec 11, 2017 | Featured, News
Government policy is contributing to a falling homeownership rate and younger Canadians are being impacted the hardest, says a new report from Mortgage Professionals Canada. It says by the time of the next federal election, 200,000 Canadian families “will have...
by REM Editorial Team | Dec 4, 2017 | News
More than a third of Canadians aren’t aware of the upcoming changes to mortgage regulations or how they will affect their ability to purchase a property in the future, says a recent survey conducted by Leger on behalf of Re/Max. Fifty-eight per cent are aware of the...
by Ralph Fox | Oct 31, 2017 | Columnists
As of Jan.1, 2018 there will be a nation-wide stress test that demands a new minimum qualifying rate for uninsured mortgages – those with a deposit of 20 per cent or more. The guideline requires federally regulated financial institutions to vet applicants for all...
by Kathy Lenart | Oct 16, 2017 | Advice for Agents, Featured, Legal Issues
Have you ever listed a house for a client, only to find out that there are liens registered against the property that will hinder the closing? Or had a client approach you to purchase a house, but they are carrying too much debt to support purchasing their dream home?...
by Haripal Pannu | Sep 27, 2017 | Advice for Agents, Featured
There are many reasons why your favourite bank or lender may reject your clients when they apply for a mortgage. Here are some of them. Not enough credit history: If you are new to the country or you recently finished at college/university or you don’t own any credit...
