Rhonda Crocco, Mortgage Solutions www.rhondacroccomortgages.ca

09/17/2024

Government announces mortgage reforms to unlock homeownership for more Canadians
News release
September 16, 2024 - Ottawa, Ontario - Department of Finance Canada
Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly younger generations, buy a first home, new mortgage rules came into effect on August 1, 2024, allowing 30 year insured mortgage amortizations for first-time homebuyers purchasing new builds.
The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced a suite of reforms to mortgage rules to make mortgages more affordable for Canadians and put homeownership within reach:
Increasing the $1 million price cap for insured mortgages to $1.5 million, effective… read the whole release below…

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, today announced a suite of reforms to mortgage rules to make mortgages more affordable for Canadians and put homeownership within reach:

07/26/2024

From budgeting and researching to making an offer and closing the deal, the journey to buying a house involves careful planning and decision-making. Make sure you're prepared. Reach out today to learn more. 🏡💰📝

07/24/2024

Today, the Bank of Canada takes action to stimulate the economy by lowering its rates. They've reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. This move is expected to boost the economy and provide some relief for borrowers. Stay informed and see how this change might affect you! 💰📉

07/20/2024

Discover your dream home with a vibrant touch that matches your personality and style. Reach out today to find a home that is like you.

07/16/2024

Say goodbye to mortgage stress and hello to a worry-free future. You deserve to focus on what truly matters without financial burdens weighing you down. Let's help you achieve a stress-free mortgage.

07/12/2024

Ready to make the biggest purchase of your life? Before you buy your first house, do your research and consider all the factors that come with homeownership. From mortgage rates to maintenance costs, it's important to be prepared for this exciting milestone. Reach out to learn more.

07/10/2024

When searching for a house, sometimes you get caught up in all the important things like the number of bathrooms and square footage. Those things are also a priority but sometimes we forget about the items that can make the new house a home. Reach out today to find a home that fits your lifestyle.

07/05/2024

🏠🔍 House hunting can be overwhelming, but it doesn't have to be. Now that you've narrowed down your must-haves and budget, the next steps can be quite daunting. Reach out today to have your house-hunting journey go smoothly and swiftly.

07/01/2024

Cheers to another year of celebrating our beautiful country and the people who make it great. Happy Canada Day 2024!

06/29/2024

When purchasing a house, there are many important factors to consider such as location, size, and amenities. But one factor that often gets overlooked is resale value. A home is not only a place to live, but also an investment. Reach out today to learn more!

06/26/2024

Creating a realistic house budget is crucial before starting your house hunt. Setting a clear budget allows you to focus on homes within your means and ensures a smoother purchasing process.

06/18/2024

Retiring to your dream location doesn't have to be a financial worry. With the right guidance and support, you can secure your dream home without worrying about where to buy. Reach out today to learn more!