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Originally passed in 1970 as part of the Government of Canada's plan for metrication of Canada from Imperial measures, it was stopped in 1985 and changes were made to the act. The Metric Commission was created by the act and abolished in 1985. The act sets forth the regulation of measurements and the commerce conducted using measuring devices.
A construction-to-permanent loan — also known as a one-time, single-close or construction-perm loan — is a type of mortgage for those building a home. It funds the purchase of land and the ...
To get a construction loan, you’ll need a low debt-to-income ratio and proof of sufficient income to repay the loan. You also generally need a credit score of at least 680. You also generally ...
Floor area ratio (FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [1] The terms can also refer to limits imposed on such a ratio through zoning.
The amount that would have changed hands had the owner and occupier been different persons is the imputed rent. Imputed rents can alternatively be understood as returns to investments in assets. On these grounds, imputed rents might be included in disposable income, e.g. when calculating indices of income distribution.
Qualifying for a mortgage hinges on different factors, including having a solid credit score and a reasonable amount of debt relative to your income. It also hinges on being able to provide proof ...
A mortgage calculator can help to add up all income sources and compare this to all monthly debt payments. [citation needed] It can also factor in a potential mortgage payment and other associated housing costs (property taxes, homeownership dues, etc.). One can test different loan sizes and interest rates.
The Bank of Canada has published its Housing Affordability Index since 1983. [7] This HAI is "meant to measure the share of disposable income that a representative household would put toward housing-related expenses," which includes mortgage payments and utility fees. The measure is a ratio of housing-related costs to average household ...