For a certain category of homebuyer, the purchase of a townhouse represents an attractive compromise in the sometimes-difficult choice between a single-family home and a condominium. Single-family homes offer square footage, acreage and privacy while condominium living enables unit owners to enjoy freedom from direct responsibility for exterior maintenance and repairs. Each has advantages and disadvantages and for buyers who… Read more →
Tag: Housing
New Homeowners Get Mortgage Help From Secondary Suites
Thanks to new policy changes by Canada Mortgage Housing Corporation (CMHC), buyers of new homes with legal secondary suites will get extra help qualifying and paying down their mortgage. CMHC has announced it will consider up to 100% of gross rental income from a home with a secondary suite when deciding to insure a mortgage. Previously, only 50% of the… Read more →