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How to get a mortgage when you’re self-employed

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 ...

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Canada’s mortgage stress tests just got a little easier

The 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 ...

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Long-term rental business licence

Properties 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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