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...
Further Tightening of the Mortgage Belt

Further Tightening of the Mortgage Belt

Before reading this you should be warned that the following content is pretty dry… like eating 8 saltine crackers without drinking water dry. If you need to go and get something to drink before proceeding, no worries, we will wait here. Take your time.  The...
Negative-Yield Bonds – Pay to Save?

Negative-Yield Bonds – Pay to Save?

There is a good chance that if you skimmed the news headlines this last week, you passed right on over a piece called CIBC sells negative-yield bonds for 1st time. No one blames you, because let’s face it, stories about the Canadian bond market don’t...
Quarter 2 Economic Highlights April 2016

Quarter 2 Economic Highlights April 2016

Here is a report that is published by Verico, authored by Verico Economic Consultant Michael Campbell… lots of great information included. Please let me know if you have any questions! Contact me anytime!  Click image for...