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Mortgage insurance requirement lowered to 20%
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Wednesday, 25 April 2007

Parliament passed new financial services legislation (Bill C-37) at the end of March, which included a measure to lower the required down payment for mortgages. The requirement for mortgage default insurance dropped from 25 per cent to 20 per cent effective April 20th.
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New 55-year mortgage aimed at self-employed
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Monday, 09 April 2007
Reliant Home Warranty Corporation's Canadian subsidiary, Reliant Home Mortgage Canada Inc. (RHMC), recently announced plans to re-launch its mortgage programs including sub-prime residential mortgages and high-ratio mortgages specifically designed for self-employed consumers and those with difficult credit.
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New Residential Tenancy Rules Take Effect
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Saturday, 03 February 2007

February 2, 2007 -- New rules regulating residential tenancies took effect on January 31, 2007. The new rules are a result of a provincial government initiative that began almost two years ago with consultations that included input from TREB.
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