Are you part of the 15 per cent of Metro Vancouver’s workforce that’s self-employed? Are you looking to buy a home? To increase your chances of qualifying as a self-employed borrower, you’ll need to be familiar with what lenders require and what questions they’ll ask. What do lenders consider a self-employed borrower? Mortgage ...
Continue ReadingThe interest rate used in Canada’s mortgage stress tests has fallen for the first time since 2016, making it slightly easier to become a homeowner. The mortgage qualifying rate dropped to 5.19 per cent from 5.34 per cent, where it had been locked since May of 2018, according to new ...
Continue ReadingProperties you can rent You can rent the following: One-family dwelling Laneway house Secondary suite Duplex Apartment house Residential/commercial building Multiple conversion dwelling Rooming house If you have 1 or 2 tenants living with you in your house, such as exchange students, you don’t need a business licence If you ...
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