June 2021 RSS Feed

Found 2 blog entries for June 2021.

Our gaze naturally turns toward the outdoors and our yards as the weather begins to warm and buds burst open. Design ideas sprout up on all the great ways we can enhance our fresh-air experiences during this upcoming patio season. These five landscaping trends push the boundaries on how we see our outdoor living spaces, so prepare to be inspired.

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Think Smart, Think Small

Having limited outdoor space is nothing new; especially for city dwellers. How that space is used is pushing the envelope. Multitasking is king when it comes to planning which features to add and where to plant what within limited square footage. For example, a water feature…

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As of today, it’ll be a bit tougher for new and renewing mortgage borrowers to qualify for their home loan. A higher threshold for the “stress test” has come into effect, requiring borrowers to prove they can carry their mortgage costs at an interest rate of 5.25% or their contract rate plus 2%, whichever is higher. This is a slight increase from the previous threshold of 4.79%. The stricter criteria applies to both insured mortgage borrowers (those who make a down payment smaller than 20% on their home purchase) and uninsured borrowers, who put down 20% or more.

What Does the Stress Test Do?

Simply put, in order to pass the stress test, borrowers must have healthy-enough incomes and debt servicing ratios to indicate they could pay their…

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