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

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News

The latest in mortgage news: OSFI unveils minor changes to insurer capital adequacy test + MORE Sep 29th

Canada's federal banking regulator unveiled revisions to its Mortgage Insurer Capital Adequacy Test for insured variable-rate mortgages..... More »
 home loans

I missed a mortgage payment. What happens now? + MORE Sep 20th

If you skip one month’s mortgage payment, then resume scheduled payments for six months, all six of those payments may be considered late..... More »

Can I afford to buy a second home? + MORE Sep 26th

There are plenty of reasons you may want to buy a second home. Maybe you’d like a second property for a family member to live in (e.g., your daughter while she attends university) or a condo to stay in during the week when you’re working downtown. But can you afford it? “Before you buy.... More »

80,000 variable-rate mortgages will reach their trigger point by year-end: RBC + MORE Aug 27th

Canada's largest bank said about 80,000 of its variable-rate mortgage clients will reach their trigger point with the next "couple of" Bank of Canada rate hikes..... More »
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.

Continue Reading On canadianmortgagetrends.com »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!