Average cost to rent condo in GTA hits $2,206, up by $214 in past year + MORE Apr 12th

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Is the Gov’t Stalling on Your Tax Return? Here’s How I Handled it! + MORE Sep 28th

Did you file your 2017 taxes on time, yet your NOA is MIA? If so, you’re not alone! I’ve had this happen with a few of my clients… as well as with my own tax return! That’s right! My accountant filed my personal tax return in April… and for months, I didn’t receive my NOA. Every tim.... More »
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What the Bank of Canada Rate Increase to 1.5% Means for Canadian Home Owners and Home Buyers + MORE Jul 17th

From personal loans to mortgages, simply put, it’s now more expensive and more difficult for Canadians to borrow money. At the beginning of 2018, new mortgage rules raised the bar for qualification.  Under federal law, all financial institutions are now required to put any new applicants under a.... More »

Insurance Premiums May Rise in 2019 Aug 16th

OSFI is tightening mortgage lending again. But this time, it’ll be less impactful for consumers. The banking regulator issued its final Mortgage Insurer Capital Adequacy Test (MICAT) guideline last week. MICAT is the “framework for assessing the capital adequacy of mortgage insurance companies,.... More »

Q2 2018 Bank Earnings – Mortgage Morsels Jun 8th

The majority of Canada’s Big Six banks beat expectations for second-quarter earnings, despite slowing real estate activity and tighter lending rules for uninsured mortgages. Both RBC and Scotiabank posted 6% year-over-year increases in their residential mortgage portfolios, although the other .... More »
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Bank of Canada Raises Overnight Rate to 1.75%; Cites New Trade Policy and Growing Economy Oct 25th

Bank of Canada Governor Stephen Poloz at a press conference following an interest rate announcement in April.  After months of speculation, indeed, the Bank of Canada decided to raise its benchmark interest rate by 25 basis points this morning. This quarter-point hike brings the target for the ov.... More »

Benefits of Cash-Out Mortgage Refinancing

– canadianmortgagetrends.com

Most people experience a point in their lives when they need access to a large amount of cash, whether it be for a major purchase, home renovation, investment or an emergency. When you don’t have the funds on hand, you can always access the equity in your home through a cash-out mortgage refinance. Following a […]

Continue Reading On canadianmortgagetrends.com »

The average cost to rent a condominium in the Greater Toronto Area has risen by almost 11 per cent in the past year, partly because tougher mortgage rules have shut out new buyers and flooded the market with renters, a new report by research firm Urbanation says.

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