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Lori MacDonald || June 28, 2021

Rising Home Prices Forcing More Young Homebuyers to Rely on Mom and Dad (Part 1)

Home prices are up as much as 50% in just the past year, which is keeping countless young homebuyers from being able to enter the housing market.Nearly three-quarters (74%) of 18- to 34-year-olds in...

Lori MacDonald || June 01, 2021

Mortgages for Investment Properties – What You Need to Know

Has the idea of buying an investment property ever crossed your mind?Maybe you’d like a place to rent out and have someone else pay some or all of your mortgage while you build equity in a tangible...

Lori MacDonald || May 25, 2021

Mortgage Stress Test Changes Coming June 1 – What You Need to Know

Starting June 1, 2021, the minimum qualifying rate used for both the insured and uninsured mortgage stress tests will be increasing.Whether you’re making a down payment of less than 20% or more than...

Lori MacDonald || May 04, 2021

Shopping for a Mortgage? A Stricter Stress Test is Likely on the Way

If you’re in the market for a mortgage over the next several months, you’ll want to read on.Several new mortgage changes are coming down the pipeline that could affect your ability to qualify for a...