Morneau not considering extending mortgage stress test to cover more lenders + MORE Jan 29th

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The Latest in Mortgage News – An Eye on Real Estate + MORE Mar 30th

A number of reports this month have provided some insight into the latest movements in Canada’s housing market. New data shows that home sales and prices continue to fall in Toronto and Vancouver, with the exception of Toronto condo sales, which have reached a new high. RBC also came out with .... More »
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Looking Beyond the Big Banks: How Playing the Mortgage Field Could Save You Thousands Mar 3rd

When it comes to your mortgage, there’s no need to settle for the most obvious options. When the time comes to buy a house, most Canadians rely on only the ‘big six’ banks to find a competitive interest rate. An HSBC study from last year shows Canadians are among the least likel.... More »
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Debt Consolidation Tip: Pay less interest! + MORE Feb 22nd

The beginning of the year is typically tough financially for most of us. Holiday bill payments, RRSP contributions, property tax bills, etc. And, if you’re self-employed, you probably have to make some sort of business tax or corporate tax payment. If December is the Holiday Season, then Janua.... More »
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Climbing Debt, Diminishing Savings Highlighted in CBC Documentary Mar 6th

When it comes to debt management, many Canadians are struggling to keep up, with their housing situation being a source of stress. That was one of the key takeaways from the latest episode of CBC Television’s The Stats of Life, which focused on Canadian statistics surrounding savings (or lack.... More »
Federal Finance Minister Bill Morneau says he is not considering imposing stress tests on private mortgage lenders.

Continue Reading On cbc.ca »

Morneau: No Stress Test for Private Lenders

– canadianmortgagetrends.com

Finance Minister Bill Morneau denied reports that his government is planning new regulations aimed at private mortgage lending. “I’m not currently considering any stress tests on private mortgage lenders,” he told reporters on Monday. “We’re always looking at the entire mortgage space to make sure we have a system that is providing the adequate protections […]

Continue Reading On canadianmortgagetrends.com »

Canada’s biggest bank says it regrets an error that caused it to mischaracterize some of its mortgages as being on an accelerated payment plan even though they were not.

Continue Reading On cbc.ca »

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