YES! You Can Use Your RRSPs To Buy A Home? First-time buyers can use their RRSP money to help them to buy a home, if they meet certain criteria. The Program is called the Home Buyers’ Plan (HBP). Who Runs the Program? The Federal Government launched the HBP as a way to help first-time buyers [...]
Canada
Tougher Mortgage Rules Confirmed
CMHC has confirmed and clarified the three changes to the Standards for High Ratio Mortgages in Canada. These changes affect High Ratio Mortgages Insured through CMHC and will most likely be adopted by Genworth and AIG as well. We have been waiting for confirmation and clarification on a few points related to the New Mortgage [...]
Ottawa’s tougher Mortgage Rules
The Department of Finance announced three changes to the Standards for High Ratio Mortgages in Canada. These changes affect High Ratio Mortgages Insured through CMHC and will most likely be adopted by Genworth and AIG as well. We have all heard by now the February 16th announcement by the Finance Minister about the proposed Mortgage [...]
