If you're looking to purchase an acreage, the Outbuilding Program could be the solution to help you secure the financing you need. This innovative program is designed to accommodate properties with
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As we approach the RRSP deadline for our 2024 tax return, it’s the perfect time to consider how contributing to your Registered Retirement Savings Plan (RRSP) can benefit both your financial future and your homeownership goals.
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If you live in Calgary or Edmonton, there’s both good and bad news when it comes to your property’s assessed value this year.
The good news? Your home has likely appreciated over the past two years.
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Closing costs are the fees and expenses that must be paid when a transaction is finalized. They encompass a wide range of charges depending on which side of the transaction you are on. Some of these costs will be incurred by either the buyer, the seller, or both parties, or in the
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The federal government has just unveiled a new mortgage refinancing program to help homeowners build additional living spaces, such as basement apartments or converted garages.
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or many Canadians, saving up for a down payment can be the biggest obstacle to homeownership. With property prices on the rise, the traditional 5% or more down payment can feel like a distant goal, especially for first-time buyers. Fortunately, there are flexible options available, one of which is the Flex Down Mortgage often referred to as a “No Down Payment Mortgage”.
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We have received more guidance around the qualifying rules for the new changes effective December 15, 2024. We have summarized the changes and criteria below:
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On Monday September 16, 2024 the Government of Canada announced two major changes to 30-Year amortization and insured mortgage purchase price limit
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Deciding whether to buy a new home before selling your current one can feel a bit overwhelming. The right approach depends on many factors, but it's not so daunting if you examine the current market. Instead of focusing on whether you should
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MMG Mortgages and Sterling Homes partnered to create a blog post with your top questions answered by your favourite mortgage professionals, MMG Mortgages. Check out the blog
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Starting August 1, 2024, homebuyers in Canada will have a new mortgage option available for newly built homes. This initiative, introduced by the Canadian Mortgage and Housing
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On June 5, 2024, The Bank of Canada made the decision to cut its overnight prime lending rate by 0.25% to 4.75%. If the banks follow suit, which
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