Johnder Perez

Real Estate Broker

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Will you benefit from the 2019 Federal Budget’s CMHC mortgage incentive?

March 21, 2019 by Johnder Perez Leave a Comment

The government’s federal budget was released, and with it — some interesting incentives for real estate buyers. The government is prepared to help some first-time home buyers by advancing up to 10% of the purchase price of a home. The idea? To help them take out a smaller mortgage with lower monthly payments. Sounds to […]

Filed Under: Buying a Home, Government, Mortgages

Mortgage rate increase is inevitable (it will happen)

October 14, 2016 by Johnder Perez Leave a Comment

A mortgage rate increase will happen. Nobody knows when. But it is inevitable. October 17 (that’s next Monday) welcomes the latest changes to mortgage rules. Lending criteria has tightened. Qualification will be a lot more difficult for buyers who need mortgage insurance. I’m not going to go over financial policy that will affect the economy […]

Filed Under: Mortgages

It happened — mortgage rules have tightened

October 4, 2016 by Johnder Perez 2 Comments

After much anticipation, the mortgage rules have tightened.  Yesterday, the government announced several changes to prevent Canadians from stretching ourselves too much and taking on too big of a mortgage. The new rules will come into effect October 17, so get ready for them.  If you’re currently home shopping, make sure you’re able to qualify […]

Filed Under: Commentary, Mortgages

What mortgage rule changes could do to real estate prices

September 26, 2016 by Johnder Perez Leave a Comment

Mortgage rules are about to change, especially with concern over several ‘heated’ markets that might present a higher risk to mortgage insurers. Last week, Canada’s banking regulator said they want mortgage default insurers to put up more capital for mortgages that might present a higher level of risk.  This could affect mortgage interest rates and […]

Filed Under: Buying a Home, Mortgages