Best Practices to Verify Your Clients’ Down Payments May 25th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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The Latest in Mortgage News: BoC’s Affordability Index reaches worst level since 1991 Aug 15th

Housing affordability deteriorated to its worst level in over 30 years, according to data from the Bank of Canada..... More »
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Pattie Lovett-Reid: Let the borrowing begin – responsibly - CTV News + MORE Aug 24th

Pattie Lovett-Reid: Let the borrowing begin – responsibly  CTV NewsCanadians with lowest credit scores led wave of pandemic credit card debt repayment  Yahoo Canada FinanceThe pandemic has Canadians paying down non-mortgage debt at fastest pace since 1980s  CBC.caCana.... More »

Is Canada’s mortgage stress test still relevant? Aug 24th

Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada's stress test are overdue. .... More »

The Latest in Mortgage News: Canadians Divided Over Home Price Expectations Jan 4th

Following a record year of home price increases, Canadians remain divided over where they expect (and hope) prices will go from here..... More »

The Latest in Mortgage News: Bond yields soar higher, fixed mortgage rates expected to follow Jun 15th

Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising..... More »
Proving the source of your clients’ down payments can sometimes be the most time-consuming part of arranging a mortgage. Even when handled well, the process may sour the buyer experience. Your client will need to provide a comprehensive history of all the money earmarked for their down payment and closing costs, including detailed explanations of some of the transactions in every source account. You have to make the best of it. Let’s explore ways we can make the process smoother […]

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