Mortgages

RRSP Contribution Limit – Deadline February 29, 2016

The maximum contribution limit is $24,930 for 2015 and is indexed for inflation for each subsequent year. To make the most effective use of your RRSP, there are several things …

Finance minister tightens mortgage rules on homes over $500K

The federal government is boosting the minimum down payment for higher-priced homes in Canada effective in the new year. Homebuyers are currently required to put down a minimum of five per cent to …

Radio Real Estate Podcast

PHL’s own Steve Ponte was on Radio Real Estate (AM 650) with Tom Lucas on November 14th, 2015. He discussed how a MIC works and how it is a positive …

Higher mortgage premiums, soaring prices to squeeze Canada’s first-time buyers

Higher mortgage insurance premiums are another setback for first-time homebuyers, alongside relentlessly rising real estate prices in some of Canada’s largest cities, experts say. Despite historically low interest rates, it’s …