Latest in Mortgage News: New Immigrants Driving Housing Demand Oct 28th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
 home loans

Retired? No mortgage for you: How the stress test is making it tougher to borrow later in life Nov 6th

Many people are shocked to discover that the amount they can borrow decreases drastically when they retire because the stress test looks at your income..... More »
 home equity

The Mortgage Stress Test: What It Means If You’re Buying a Home Nov 3rd

It’s been almost a couple of years since the mortgage stress test came into effect. So, we thought it was the perfect time to revisit it and clear up any confusion. The mortgage stress test took effect January 1, 2018, affecting how much mortgage money Canadians are able to borrow towards.... More »

Renewal Rate Shock Diminishing, Says BoC + MORE Nov 9th

Falling mortgage rates over the course of 2019 have reduced the rate increase shock for those renewing a mortgage. While those renewing a mortgage this year are still locking in at a rate higher than their previous rate, that increase is quickly declining, according to data from the Bank of Canada. .... More »

Important week for mortgage rates could cost or save you thousands. Oct 31st

Mortgage rates fell by about 1% since January of this year. That rate drop has created a surge in real estate sales across Canada, with September and October seeing a greater than average number of real estate transactions.  We also saw consumers taking advantage of these low rates by refinancing .... More »
The growing demand for real estate in Canada is being driven largely by newcomers, who are making one out of every five home purchases in the country, according to a new survey. New immigrants to Canada (defined as those who have arrived within the last 10 years) represent 21% of homebuyers and are expected to […]

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