The Latest in Mortgage News – House Prices Under the Microscope May 27th

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

New Mortgage Rules Improving Credit Quality, BoC Says + MORE Nov 18th

Mortgage rules implemented over the past two years, along with rising interest rates, have worked to improve credit quality and reduce the number of highly indebted borrowers in the market. That’s according to a Bank of Canada research paper released this week and co-authored by bank staffers Olga.... More »
 property mortgage

Locked Out of the Market: How the Mortgage Stress Test Could Be Hurting Homebuyers Mar 12th

It was created with the intention of saving Canadians from becoming over-burdened with their mortgages, but some critics of the Canadian government’s mortgage stress test say it is slamming the door on first-time homebuyers who would otherwise be able to break into the market. In a recent opi.... More »

Equitable Casts Giant Reverse Mortgage Lure for Brokers Oct 22nd

What do you do when your competition has a 32-year head start? If you’re Equitable Bank, you pay brokers 150% more than normal. That’s the surprising move Equitable has made to build momentum in its reverse mortgage business. This degree of compensation is virtually unprecedented in this sector..... More »

The State of the Mortgage Market Feb 1st

Mortgage Professionals Canada released its marquis State of the Mortgage Market report last week. While much of the media focus was on the report’s assessment of the mortgage stress test and its ramifications, the annual report was once again chock-full of enlightening statistics that help pai.... More »
 home equity

Report: New Mortgage Stress Test Cutting 18% of Home Buyers Out of the Market Aug 7th

According to a new report by the Mortgage Professionals of Canada (MPC), new stricter mortgage rules are leaving 18 per cent of home buyers out of the market. The MPC report found that while many Canadian home buyers could afford to make monthly payments at the bank’s contract rate, the higher ba.... More »
For homebuyers and homeowners alike, all eyes have been on the housing market in recent months waiting to see where house prices are eventually headed. With house prices already cooling on average across the country, particularly in and around the Greater Toronto Area, some are speculating that the chill in the market could continue well […]

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