Are There More Mortgage Rule Changes Coming?

Are There More Mortgage Rule Changes Coming?

Recently, the Bank of Canada released its semi-annual Financial Systems Review (PDF document), which identifies some of the major risks that the Bank foresees on the economic horizon. Unsurprisingly, the Bank pinpoints increased levels of Canadian household debt and...
In the Middle of a 10 Year Term? You Have Options!

In the Middle of a 10 Year Term? You Have Options!

If you bought a house, or had a mortgage renew roughly five years ago, there’s a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to “play it safe” and lock in a mortgage term for the next...
Just How Big is the Canadian Mortgage Market Really?

Just How Big is the Canadian Mortgage Market Really?

With all the government changes happening in the mortgage market right now, the good people over at Mortgage Professionals Canada via their online publication Canadian Mortgage Trends just published an interesting couple of articles on their blog. Most recently...
When Prime Rates Differ?

When Prime Rates Differ?

Although the recent changes to mortgage qualification introduced by the government were intended to create stability in the Canadian housing market, the unintended consequences might have been to make the waters a little muddier. For the first time, it looks like...
Pre-Approvals: Qualify by October 17th

Pre-Approvals: Qualify by October 17th

14 Days to GO Starting October 17th all insured mortgages must undergo a “stress test” that ensures a borrower’s ability to make their mortgage payments at a higher interest rate. START HERE TODAY: Beat the clock by clicking here and let us help you...
Creating Stability in the Canadian Housing Market

Creating Stability in the Canadian Housing Market

This morning, Finance Minister Bill Morneau announced new housing measures, changes meant to alleviate risk in Canada’s current housing market. The measures include: Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress...