Videos by Sumel.mortgage in Markham.
👉Work Permit Holders
Non-Canadian work permit holders were initially included in the ban, but critics argued that was contradictory to the government’s immigration goals. As a result, work permit holders are now exempt from the ban as long as they have 183 days or more of validity remaining on their work permit.
👉Vacant land exemption
The restriction preventing non-Canadians from purchasing vacant land zoned for residential or mixed has been lifted.
👉Exception for development purchases
Non-Canadians will also now be able to purchase residential property for the purpose of development. This exception was only applicable to publicly traded corporations in the original legislation.
👉Increase to the foreign control threshold
The ban initially prevented privately held corporations or entities from purchasing residential property if a non-Canadian owned 3% or more. That threshold has now been increased to 10% following concerns from developers that the 3% threshold was too restrictive and would hinder the development of new housing.
Hello, Sumel.mortgage here, your personal Mortgage Agent!
You are just a call away!
Connect with me on call /text / WhatsApp/e-mail
📲 647 821 9004
📧 [email protected]
👨💻 www.sumelkanuga.ca
📍 703-100 Allstate Parkway, Markham, ON L3R 6H3
Independently Owned & Operated FSRA#13093
#sumelmortgage #dreamhome #mortgage #mortgageagent #mortgagebroker #mortgagecanada #realestatecanada #homecanada #homebuyingcanada #mortageloanofficer #canadabanks #canadaloans #canadarealestate #canadamortgage #canadabroker #firsttimehomebuyers #canadaimmigrants #canadanewimmigrants #canadanris #canadanri #consolidatedebt #trend #trending #follow #creditscore #creditrepair #creditrestoration #credit #gujarati
👉Work Permit Holders Non-Canadian work permit holders were initially included in the ban, but critics argued that was contradictory to the government’s immigration goals. As a result, work permit holders are now exempt from the ban as long as they have 183 days or more of validity remaining on their work permit. 👉Vacant land exemption The restriction preventing non-Canadians from purchasing vacant land zoned for residential or mixed has been lifted. 👉Exception for development purchases Non-Canadians will also now be able to purchase residential property for the purpose of development. This exception was only applicable to publicly traded corporations in the original legislation. 👉Increase to the foreign control threshold The ban initially prevented privately held corporations or entities from purchasing residential property if a non-Canadian owned 3% or more. That threshold has now been increased to 10% following concerns from developers that the 3% threshold was too restrictive and would hinder the development of new housing. Hello, Sumel.mortgage here, your personal Mortgage Agent! You are just a call away! Connect with me on call /text / WhatsApp/e-mail 📲 647 821 9004 📧 [email protected] 👨💻 www.sumelkanuga.ca 📍 703-100 Allstate Parkway, Markham, ON L3R 6H3 Independently Owned & Operated FSRA#13093 #sumelmortgage #dreamhome #mortgage #mortgageagent #mortgagebroker #mortgagecanada #realestatecanada #homecanada #homebuyingcanada #mortageloanofficer #canadabanks #canadaloans #canadarealestate #canadamortgage #canadabroker #firsttimehomebuyers #canadaimmigrants #canadanewimmigrants #canadanris #canadanri #consolidatedebt #trend #trending #follow #creditscore #creditrepair #creditrestoration #credit #gujarati
👉Pay bills on time to avoid negative impact on credit score: Late or missed payments can negatively impact your credit score for up to seven years. 👉Keep credit utilization below 30% to maintain a good credit score: High credit utilization suggests financial instability and can negatively impact your credit score. 👉Limit credit applications to avoid generating too many hard inquiries: Too many hard inquiries can negatively impact your credit score. 👉Monitor credit report regularly to identify and correct errors or discrepancies: Errors on your credit report can negatively impact your credit score, so it's important to check it regularly. 👉Consider a secured credit card to build or improve your credit score: A secured credit card can be a good option for those with poor credit or no credit history. 👉Seek help from a credit counselor if struggling to improve credit score: Credit counselors can provide guidance on managing debt and improving your credit score. Hello, Sumel.mortgage here, your personal Mortgage Agent! You are just a call away! Connect with me on call /text / WhatsApp/e-mail 📲 647 821 9004 📧 [email protected] 👨💻 www.sumelkanuga.ca 📍 703-100 Allstate Parkway, Markham, ON L3R 6H3 Independently Owned & Operated FSRA#13093 #sumelkanuga #sumelmortgage #affinitymortgage #dominionlending #dreamhome #mortgage #mortgageagent #mortgagebroker #mortgagecanada #realestatecanada #homecanada #canada #homebuyingcanada #mortageloanofficer #canadabanks #canadaloans #canadagoverment #canadarealestate #canadamortgage #canadabroker #canadabank #firsttimehomebuyers #canadaimmigrants #canadanewimmigrants #canadanris #canadanri #canadaconsolidatedebt #consolidatedebt #trend #trending #follow #creditscore #creditrepair #creditrestoration #credit #gujarati #gujaratiincanada
It took some time, but mortgage rates are now responding to last week’s plunge in bond yields stemming from fears about systemic financial risk in the U.S. and Europe. Numerous mortgage lenders and brokerages had started cutting fixed mortgage rates, some by as much as 60 basis points, or 0.60%. That follows a roughly 70-bps plummet in 2- and 5-year Government of Canada bond yields (which typically lead fixed mortgage rates). Average nationally-available deep-discount 5-year fixed mortgage rates are now about 30 basis points lower than where they were at the end of last week, according to data from MortgageLogic.news. Hello, Sumel.mortgage here, your personal Mortgage Agent! You are just a call away! Connect with me on call /text / WhatsApp/e-mail 📲 647 821 9004 📧 [email protected] 👨💻 www.sumelkanuga.ca 📍 703-100 Allstate Parkway, Markham, ON L3R 6H3 Independently Owned & Operated FSRA#13093 #sumelkanuga #sumelmortgage #affinitymortgage #dominionlending #dreamhome #mortgage #mortgageagent #mortgagebroker #mortgagecanada #realestatecanada #homecanada #canada #homebuyingcanada #mortageloanofficer #canadabanks #canadaloans #canadagoverment #canadarealestate #canadamortgage #canadabroker #canadabank #firsttimehomebuyers #canadaimmigrants #canadanewimmigrants #canadanris #canadanri #canadaconsolidatedebt #consolidatedebt
Rates Dropping????? Statistics Canada reports 5.2% inflation for the month of Febraury, this is lower than the predicted 5.4% and significantly lower than the January rate of 5.9%. The drop in inflation is a strong indication that Bank of Canada is going for another rate pause in its April 12 meeting. Some economists are predicting that by end of the year Bank of Canada might decrease their overnight rate by 25bps, bringing it down to 4.25% from 4.5%. Hello, Sumel.mortgage here, your personal Mortgage Agent! You are just a call away! Connect with me on call /text / WhatsApp/e-mail 📲 647 821 9004 📧 [email protected] 👨💻 www.sumelkanuga.ca 📍 703-100 Allstate Parkway, Markham, ON L3R 6H3 Independently Owned & Operated FSRA#13093 #sumelkanuga #sumelmortgage #affinitymortgage #dominionlending #dreamhome #mortgage #mortgageagent #mortgagebroker #mortgagecanada #realestatecanada #homecanada #canada #homebuyingcanada #mortageloanofficer #canadabanks #canadaloans #canadagoverment #canadarealestate #canadamortgage #canadabroker #canadabank #firsttimehomebuyers #canadaimmigrants #canadanewimmigrants #canadanris #canadanri #canadaconsolidatedebt #consolidatedebt
Attention homeowners! 🏡 In addition to the purchase price of the property 🏡, are you aware about these additional costs? 1️⃣ Lawyer fees 2️⃣ Land transfer fees 3️⃣ Home Inspection 4️⃣ Appraisal fees 5️⃣ Miscellaneous fees or Other fees ▪️ Title Insurance ▪️ Title Search ▪️ Application fees ▪️ Moving fees Hello, Sumel.mortgage here, your personal Mortgage Agent! You are just a call away! Connect with me on call /text / WhatsApp/e-mail 📲 647 821 9004 📧 [email protected] 👨💻 www.sumelkanuga.ca 📍 703-100 Allstate Parkway, Markham, ON L3R 6H3 Independently Owned & Operated FSRA#13093 #SumelKanuga #SumelMortgage #AffinityMortgage #DominionLending #DreamHome #Mortgage #MortgageAgent #MortgageBroker #MortgageCanada #RealEstateCanada #HomeCanada #Canada #HomeBuyingCanada #MortageLoanOfficer #CanadaBanks #CanadaLoans #CanadaGoverment #CanadaRealEstate #CanadaMortgage #CanadaBroker #CanadaBank #FirstTimeHomeBuyers #CanadaImmigrants #CanadaNewImmigrants #CanadaNRIs #CanadaNRI #CanadaConsolidateDebt #ConsolidateDebt
Don't postpone your dream house for temporary situations. Join us today to know about your investments and make your dream come true. Hello, Sumel.mortgage here, your personal Mortgage Agent! You are just a call away! Connect with me on call /text / WhatsApp/e-mail 📲 647 821 9004 📧 [email protected] 👨💻 www.sumelkanuga.ca 📍 703-100 Allstate Parkway, Markham, ON L3R 6H3 Independently Owned & Operated FSRA#13093 #SumelKanuga #SumelMortgage #AffinityMortgage #DominionLending #DreamHome #Mortgage #MortgageAgent #MortgageBroker #MortgageCanada #RealEstateCanada #HomeCanada #Canada #HomeBuyingCanada #MortageLoanOfficer #CanadaBanks #CanadaLoans #CanadaGoverment #CanadaRealEstate #CanadaMortgage #CanadaBroker #CanadaBank #FirstTimeHomeBuyers #CanadaImmigrants #CanadaNewImmigrants #CanadaNRIs #CanadaNRI #CanadaConsolidateDebt #consolidatedebt