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View this RSS Feed2020-07-01 | 17:28:38
What the Changes to CMHC’s Mortgage Requirements Mean for our Homebuyers – Effective July 1st, 2020
The Canadian Mortgage Housing Corporation (CMHC), announced that it would be making changes to its lending conditions for uninsured residential mortgages in the coming weeks.Effective July 1, 2020, the following changes will apply to new applications...
2020-06-29 | 19:05:51
What to Know if You are New to Canada
Canada has seen a surge of international migration over the last few years. With all these new faces in town wanting to plant roots in this great country, we wanted to touch base on some of the details surrounding mortgages and how new immigrants can...
2019-02-17 | 17:51:05
The Bank of Canada might not be done hiking just yet
Investors wagering that the Bank of Canada is ready to throw in the towel on its tightening cycle are setting themselves up for disappointment, say market strategists at some of the country’s biggest banks.As policy makers around the world pivot...
2018-05-14 | 15:40:43
Are rising rates raising the bar?
Anyone trying to qualify for a typical mortgage in Canada has just had the bar raised another couple of notches. The big banks have been bumping up their five-year fixed rates for the past couple weeks. Now the Bank of Canada is following suit...
2018-02-10 | 19:56:04
Should I lock in my mortgage rate in 2018?
The key question for mortgage borrowers is whether rates will rise this year, and by how much. Since the majority of Canadians opt for five-year fixed-rate mortgages, let’s look at the trend:1. Five-year fixed mortgage rates bottomed in the low 2%...
2017-12-10 | 11:47:58
New Mortgage Rules will shake up the lending market
The 3 new mortgage rule changes that officially start January 1, 2018, will shake up the lending market in Canada and have a significant impact of home owners and buyers:1. The new rules are basically a two-point rate hikeUninsured borrowers can...
