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

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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I missed a mortgage payment. What happens now? + MORE Sep 20th

If you skip one month’s mortgage payment, then resume scheduled payments for six months, all six of those payments may be considered late..... More »

How much credit card debt does the average Canadian have? + MORE Sep 23rd

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 »

Can I afford to buy a second home? + MORE Sep 26th

There are plenty of reasons you may want to buy a second home. Maybe you’d like a second property for a family member to live in (e.g., your daughter while she attends university) or a condo to stay in during the week when you’re working downtown. But can you afford it? “Before you buy.... More »

The latest in mortgage news: OSFI unveils minor changes to insurer capital adequacy test + MORE Sep 29th

Canada's federal banking regulator unveiled revisions to its Mortgage Insurer Capital Adequacy Test for insured variable-rate mortgages..... More »
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.

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