The Latest in Mortgage News – Economic Growth & Housing Affordability Dec 3rd

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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How much credit card debt does the average Canadian have? + MORE Jan 18th

As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »

The latest in mortgage news: OSFI has no plans to loosen the stress test Sep 17th

Despite today's mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada's banking regulator said no changes to the stress test are imminent..... More »
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What Impact will the Stress Test have when Renewing Your Mortgage? Feb 28th

So, your mortgage is coming up for renewal this year. You’ve probably been in your mortgage for at least three years – but likely closer to five, as this is the most common term. Does the mortgage stress test affect you? Absolutely! And, here’s how… SCENARIO 1: Your current.... More »

Mortgage rates under 5%? They’re coming back as lenders slash fixed rates + MORE Dec 7th

For the first time since last spring, mortgage shoppers finally have a condition-free sub-5% fixed mortgage rate option..... More »

Incorporate Balance Transfer Offers into Your Arsenal Oct 20th

As mortgage professionals, we are sometimes asked to solve problems slightly outside the scope of our mandate. Naturally, we must take care not to position ourselves as tax experts, accountants or lawyers..... More »
The latest data released over the past couple of weeks are helping to provide a reading on how different jurisdictions in the country are faring when it comes to economic growth and housing affordability. The Conference Board of Canada’s latest Metropolitan Outlook, for example, breaks down real GDP growth forecasts for each of the country’s […]

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