Christopher Long - RBC Mortgage Specialist

Christopher Long - RBC Mortgage Specialist Christopher Long - Mortgage Specialist

Recent announcement by CMHC on upcoming changes to default insurance premiums.
01/18/2017

Recent announcement by CMHC on upcoming changes to default insurance premiums.

The Crown corporation that controls most of Canada's mortgage default insurance market announced the hikes today — and private insurers may soon follow suit

Canadian Finance Minister announces regulatory changes on qualification requirements for individuals using default insur...
10/03/2016

Canadian Finance Minister announces regulatory changes on qualification requirements for individuals using default insurance programs.

Finance Minister Bill Morneau said capital gains loopholes to be closed and standardized eligibility rules for mortgages introduced

Great news regarding a decision from Edmonton City Council to approve the Glenora Skyline redevelopment.
03/15/2016

Great news regarding a decision from Edmonton City Council to approve the Glenora Skyline redevelopment.

Three new slender towers were approved Monday for the failed Glenora Skyline site on Stony Plain Road, putting up to 550 units 80 metres away from a future LRT stop. The new towers will be higher a…

New minimum down-payment requirements for properties over $500,000.
12/11/2015

New minimum down-payment requirements for properties over $500,000.

The Liberal government is raising the minimum down payment for new insured mortgages to 10 per cent from 5 per cent for the portion of house prices above $500,000

CMHC announced this morning that they will be increasing their default insurance premiums come May 1st, 2014. This means...
02/28/2014

CMHC announced this morning that they will be increasing their default insurance premiums come May 1st, 2014. This means borrowers with less than the conventional 20% down payment will be required to pay a slightly higher premium when borrowing funds for a home purchase.

Increase will be for new policies, not those already insured

01/17/2014

Are you thinking about buying your first home in 2014!? Remember that the government has set up some incentive programs for individuals to receive a tax credit on closing costs. Click on the link below to see if you would qualify.

Page giving access to The Minister of Finance latest budget on January 27, 2009 where the changes to federal-government tax and benefit programs administered by the Canada Revenue Agency (CRA) can be conlsulted. Gives also access to the previous budgets.

November Home Sales not Affected by Old Man Winter!
12/04/2013

November Home Sales not Affected by Old Man Winter!

There were 672 (622 reported) sales of single family homes, 349 (323 reported) condo sales and 83 (77 reported) duplex/row house sales in November.

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