Mortgage Stress Test Sidelining Young Buyers + MORE Aug 22nd

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News

Information vs advice. Why is it free? Oct 19th

The internet is great for researching infomation, ratings and even advice. With so much available data, it’s hard to decide which is accurate, reliable or even truthful. Take this site for example. If this is your first visit then you may not be aware of all my credentials nor how accurate .... More »
 home equity

Are Toronto House Prices Headed Back to 2016 Levels? + MORE Feb 13th

Concern is growing that Canada’s largest housing market may be about to experience a new round of froth, similar to that seen in 2016. Back then, red-hot housing markets in the Greater Vancouver and Toronto Areas ultimately forced the federal government to introduce the 2016 and 2018 mortgage stre.... More »
 line of credit

“Is it better to pay down our mortgage or ramp up contributions to our teen’s RESP?” + MORE Nov 30th

Q. My husband and I, both in our early 40s, bought a house in Toronto four years ago. Since then, our variable rate mortgage has gone up four times and is now at 3.2%. We have managed to pay down $150,000 of our mortgage in those four years with the extra bi-weekly payments and have $260,000 remaini.... More »

Beware of mortgage fraudsters…. Sep 27th

I wrote that back in 2006.  Since then we have seen some provincial governments step in with laws to help protect unsuspecting homeowners.  You can also purchase Title insurance or an alternative method of protection. A couple of years ago, Toronto police said a woman used fake ID to get a $300,0.... More »

The Latest in Mortgage News: Half of Canada’s Big Housing Markets Are Unaffordable Sep 30th

A new study of 15 major urban centres across Canada shows that housing unaffordability continues to be a major concern in nearly half of those markets. A median-income earner wouldn’t qualify for a mortgage large enough to fund their home purchase in seven key markets, including the Greater Va.... More »

Mortgage Stress Test Sidelining Young Buyers


New data shows the country’s youngest buyers are being affected most by the government’s mortgage stress tests. Mortgage originations were down 8.9% overall in Q2, while those among buyers between the ages of 18 and 25 were down 13.4% compared to last year, according to TransUnion’s latest Industry Insights Report. This marks the fourth consecutive […]

Continue Reading On »

Mortgage Rates are still trending Lower… Yes, in August!
A couple years ago, the federal government brought in some tighter mortgage qualifying rules. The ‘stress test’ was just one of several changes, but it’s definitely the most well known.
The feds wanted to slow the housing market. They also wanted to ensure that borrowers could afford the much anticipated mortgage rate hikes. Rates have to go up some time, right?! When?!

Well, let’s fast forward to 2019! The real estate market has cooled off with fewer transactions in both 2018 and 2019. The government’s wish was granted. Fewer people could pass the stress test. But those imminent rate hikes never happened.
Today, you must qualify with an interest rate that is DOUBLE your actual contract rate. Yes, DOUBLE!
Another popular phrase? Housing Bubble…
The real estate market has to crash, right?! Well, it seems like the expected rate increases and housing bubble just haven’t materialized. In fact, interest rates have come down by around 1% since January 2019…

Continue Reading On »


Compare insurance quotes through - save time and money!