Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
There’s more to a real estate transaction than a mortgage..... More »
Being self-employed has its pros and cons: you may have a more flexible schedule, but you also have a lot more responsibility, especially when it comes to managing your own finances. According to Statistics Canada, 2.8 million people were self-employed in 2017. And with the swelling ranks of the se.... More »
Self-employed Canadians seeking to buy a home may soon find it easier to secure a mortgage in the wake of changes announced by Canada Mortgage and Housing Corp..... More »
Mortgage stress test is the buzz phrase in mortgage lending for 2018. Every borrower, regardless of how much down payment you’re making, must pass a stress test to qualify for a mortgage. The math is simple, yet intimidating. Lenders must now use your mortgage contract rate PLUS 2.00% to qual.... More »
The Canadian Real Estate Association (CREA) blames the mortgage stress test introduced in January for slow activity across the nation in April. The housing market has cooled in all respects from April of last year, when the market peaked: the average sale price declined by 11.3 per cent to $495,000,.... More »
As Big Six prepare to release earnings, rising household debt, slowing mortgage growth could weigh on outlook