“You need to hold real estate over long periods of time to ensure good returns. Holding for a year or two is always a gamble.” – RE/MAX Condos Plus
CIBC’s Benjamin Tal says banks are outpacing non-bank lenders in mortgage growth for the first time in years. That’s largely because banks are getting more competitive on 5-year rates.
Mortgage Product Tip: Xceed Mortgage let’s you purchase a 2nd home using stated income with no NOA’s required. You may only need 5% down if you’re credit score is 680+. Seasonal properties or cottages are not allowed.
FSCO has published these FAQs about it’s new Ontario mortgage broker regulations.
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