Buying Rental vs Second Home, What’s the Difference?

CMHC is eliminating their second home program at the end of the months… so what is the fuss all about? You have decided to purchase a second property, now the question is how to finance it? At a first glance it would seem buying the second property as a rental is a no brainer! Rent … Read more…

CMHC is slowly exiting the insurance market…

    CMHC is slowly exiting the insurance market… with Canadian mortgage rates remaining at all-time lows and no visible slow down for the real estate market, CMHC is reducing its risk exposure to the mortgage market. CMHC announced on Friday that it will be eliminating 2 of it’s programs for insured mortgages: The self-employed … Read more…