MortgagewithSusheel

04/29/2026

03/17/2026

🗝️ First-Time Buyer Alert: The 2026 Shift
​Buying your first home in Canada? The rules changed this month. Here is your "need-to-know" list to get into the market faster:
​💰 New $50,000 Tax Rebate: As of March 12, 2026, the GST/HST rebate for first-time buyers has officially increased. You can now recover up to 100% of the federal tax on new homes priced under $1M—a massive win for your closing costs!
​📉 Rates are Holding: The Bank of Canada kept the policy rate at 2.25%. While fixed rates are nudging up slightly due to bond market volatility, variable rates remain a steady entry point for many new buyers.
​🏦 Stress Test Edge: With the neutral rate floor established, the "stress test" is currently hovering around 5.5%–6.2%. This is significantly lower than two years ago, boosting your total borrowing power.
​📂 The Savings Stack: Don't leave money on the table. Combine your FHSA ($40k limit) with the RRSP Home Buyers’ Plan (up to $60k withdrawal) to maximize your down payment tax-free.
​The Bottom Line: With more inventory hitting the market this spring and new tax relief in place, the "wait and see" approach is officially over for many.
​Ready to see what you qualify for? Drop a "🏠" below and I’ll send you a first-time buyer checklist!
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01/29/2025

Bank of Canada cuts key interest rate to 3%.

01/13/2025

Wishing Everyone a Happy Lohri.

01/10/2025

Buying your first home. Give me a call to discuss your mortgage options. I will work with you and make a mortgage plan that will suit your budget and needs. So what are you waiting for call me 647-838-8472 or email [email protected].

06/07/2023

Bank Of Canada Raises Key Interest rate by 0.25%. For all your mortgage and refinancing options contact me at 647-838-8472 or [email protected]

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01/01/2022

Wishing Everyone a Happy New Year 2022.

04/11/2021

Changes could reduce the maximum amount a borrower could take on by 2 per cent to 4 per cent. Experts say this won’t cool overheated housing prices

04/10/2021

https://www.google.ca/amp/s/www.cbc.ca/amp/1.5979558

Canada's top banking regulator is proposing to raise the mortgage stress test level to 5.25 per cent or two percentage points above the market rate, whichever is higher, making it harder to qualify for a home loan, shrinking the pool of qualified borrowers and ultimately bringing down house prices.

04/08/2021

The demand for Houses has gone up and so has the need for Mortgages. Contact me for all your Mortgage Needs.
Susheel Sheehn 📞 647-838-8472.

Despite the headwinds of a global pandemic, Canadians' interest in real estate and the resulting rise in prices took even the most seasoned experts by surprise. This, of course, had major implications for the mortgage market. Mortgage Professionals Canada's Annual State of the Residential Mortgage M...