I have been in the mortgage and finance industry for more than 25 years, and lately I have been having more and more conversations about reverse mortgages in Ontario with people who have done exactly what they were told to do. They worked hard, paid their mortgage, built equity in...
Category: Programs
First-Time Home Buying Incentive – Ending March 31st
This Government incentive which was introduced in 2019 is coming to an end, sadly it did not help most home buyers as they did not meet the program qualifications. The Canadian Mortgage and Housing Corporation (CMHC), a federal national housing agency, has ceased offering its down payment incentive for first-time...