New mortgage rules were implemented in 2016, and among them, the first requiring first-time buyers to take a stress test to ensure that they would be able to make their mortgage payments should the interest rates rise and the second where buyers purchasing homes over $500,000 would need to put down ... » Learn More about New Mortgage Rules were Implemented in 2016
buying a home in Markham
Your Closing: A Step-by-Step Guide
As a first-time homebuyer in Markham, your closing may be a stressful time of uncertainty and confusion. With much paperwork to sign, money exchanging hands and moving plans to make, your head must be spinning. This article will guide you, step by step, into the closing process. Step 1 - Arrange ... » Learn More about Your Closing: A Step-by-Step Guide
5 Things You Need to Know about Buying a Heritage Home in Markham
Markham is a haven for historic and heritage homes. There are homes from the early 1800s that are still standing and in great condition. Some have been relocated and others have been restored and many are used as businesses and homes today. You may love the idea of buying a historic home as your ... » Learn More about 5 Things You Need to Know about Buying a Heritage Home in Markham
Creating a Must-Have List when Buying a Home
You’ve probably dreamt of your dream home your entire life, but when you became an adult, your dreams changed and so did your home-buying expectations. While getting everything you want in a home is fantastic, it is not always realistic, especially if you are a first-time homebuyer. Rather than ... » Learn More about Creating a Must-Have List when Buying a Home
Will the Higher Mortgage Interest Rates Affect You?
Two major banks in Canada have raised their mortgage rates and other lenders are expected to follow suit. While the rate jumps weren’t huge, Canadians could be in for more increases over the next few years, getting mortgage interest rates up to a more “normal” rate. Currently, even with the ... » Learn More about Will the Higher Mortgage Interest Rates Affect You?