RDFS - New Home Under Construction
By R&D Financial

5 Things to Consider When Building Your Own Home

Building a home can be an exciting adventure and is the ultimate way to customize your home. You can purchase a new home from a builder, or do a complete custom build. Regardless of which path you choose, this journey isn’t always easy – to ensure the best possible experience, here are 5 important things to consider when building your own home.

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RDFS - First Time Home Buyers
By R&D Financial

Should First Time Home Buyers Continue to Rent?

Housing prices have been climbing quickly. This is especially true in major urban centres where most Canadians live. The rate of increase for the average sale price appears to be climbing faster than people are able to save.
Some Canadians see the dream of homeownership vanishing, others wonder if the choice to own is appropriate for them. No matter the situation, objective analysis should accompany the emotional aspects of buying a home.

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By R&D Financial

OSFI Changes Rules for Mortgage Deferrals

OSFI, Canada’s banking regulator, announced that it will begin to phase out special regulatory capital treatment of deferrals given improving economic conditions.

These changes are effective immediately for mortgage payment deferrals granted by the Big 6 banks through to the end of September. Those deferrals will now only receive special capital treatment for up to three months as opposed to six. After September 30, any deferrals will be treated according to OSFI’s normal rules.

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