Buying a home can be a very overwhelming experience, but if you are prepared and have contracted the right advisors, it can be a smooth and enjoyable process. What to do when you’re a first-time home-buyer: 1. Get pre-approved. Getting pre-approved for a mortgage is an important first step in the home-buying process. You don’t want to start house-hunting and …

Ontario Seniors Use of Food Banks Rises Substantially

Ontario seniors who turned to food banks for emergency support has risen by a “staggering” 10 per cent last year, according to a new report. It indicates the beginning of a trend that’s expected to continue. The growth rate is nearly three times faster than that of the province’s senior population, said the Ontario Association of Food Banks (OAFB), On …

Announcement from CMHC in Reference to Self-Employed Borrowers

Starting October 1, 2018,  it will be easier for the self-employed to qualify for a mortgage. CMHC just announced it’s giving lenders more guidance and flexibility to help self-employed borrowers. The move is designed to assist self-employed Canadians who may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable. CMHC is providing examples of factors …