COVID-19 – Clarification on the Provincial Restart Plan to Safely Bring People Back Together
by Baldev S. Gill, Chief Executive Officer Today’s eMemo contains the following updates: Clarification on the Provincial Restart Plan to Safely Bring People Back Together Announced on Tuesday, May 25, 2021 Dear Members, As many [...]
Reminder: Homeowners now need to apply to the provincial government for the Home Owner Grant
This is a good time to remind clients that Home Owner Grant applications are no longer being processed by municipalities. Starting this year, the provincial government will be administering the provincial program.The Home Owner [...]
Confirmed: A little harder to buy a house effective June 1st
As anticipated, Canada’s banking watchdog, the Office of the Superintendent of Financial Institutions (OSFI), confirmed on May 20th that the mortgage stress test for those with uninsured mortgages will increase from 4.79% to 5.25% on [...]