Not a very sexy post title I know, but just because you are buying a pre-construction condo in Toronto doesn’t mean that you can avoid the world of traditional mortgages. Normally when you buy a pre-construction condo you have to put down a series of deposits to secure your suite with the developer. How much […]
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
February 16, 2010 / by Andrew la Fleur /Insights, News
Federal Finance Minister Jim Flaherty announced changes to the way mortgages are given out in this country today that are said to help prevent a housing bubble from forming. The keyword being prevent, meaning the government is very clear that they do not believe a housing bubble exists. I would have to agree with the […]
Deposit Structure and Mortgage Approval for Pre-Construction Condos
August 18, 2008 / by Andrew la Fleur / Insights
Not a very sexy post title I know, but just because you are buying a pre-construction condo in Toronto doesn’t mean that you can avoid the world of traditional mortgages. Normally when you buy a pre-construction condo you have to put down a series of deposits to secure your suite with the developer. How much […]
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Mortgage Approvals for Pre-Construction Condos: Part 2
August 19, 2008 / by Andrew la Fleur / Insights
As I talked about in my previous post, understanding deposit structures and mortgage approvals is essential to purchasing a new condo from a developer in Toronto. However, what do you do when you can get the funds for the deposits, but you run into trouble when it comes to securing mortgage preapprovals? This can occur […]
Read more
New Mortgage Rules Aimed at Cooling the Condo Market
February 16, 2010 / by Andrew la Fleur / Insights, News
Federal Finance Minister Jim Flaherty announced changes to the way mortgages are given out in this country today that are said to help prevent a housing bubble from forming. The keyword being prevent, meaning the government is very clear that they do not believe a housing bubble exists. I would have to agree with the […]
Read more