New mortgage rules effective now

Effective January 1, 2018, home buyers who don’t require mortgage insurance — those with a down payment of 20 per cent or more — must qualify for their mortgage at a higher rate. This new stress test doesn’t apply to homeowners renewing their uninsured...

Tips to reduce your mortgage costs

 Buying a home is a significant investment. Whether you’re a first-time buyer or you’re refinancing your home, saving money on mortgage payments means you’ll be financially ahead.  Here are seven tips to cut your mortgage costs. Get a competitive rate. To get the best...