Jan 30, 2018 | Did you know?, Latest News, Mortgage Tips & Info
The Bank of Canada increased its interest rate to 1.25% from 1.00%. How will this effect mortgage holders? All six major banks have raised their posted five-year, fixed-rate mortgage rates to 5.14 per cent from 4.99 per cent. Mortgage costs and income required Housing... Jan 8, 2018 | Latest News, Mortgage Tips & Info
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... Dec 1, 2017 | Advice from Our Experts, Latest News, Mortgage Tips & Info
As of 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. Canada’s Office of the Superintendent of Financial Institutions (OSFI) announced... 
Oct 18, 2017 | Latest News, Market News & Statistics, Mortgage Tips & Info, Resources for Buyers
Canada’s Office of the Superintendent of Financial Institutions (OSFI) has finalized new rule changes for new government-backed uninsured mortgages. The changes are part of the final version of Guideline B-20 − Residential Mortgage Underwriting Practices and... Oct 25, 2016 | Advice from Our Experts, Latest News, Mortgage Tips & Info
There are new mortgage rules in effect. Here’s how they will impact our housing market. 1. Mortgage rate stress test for all insured mortgages As of October 17, 2016, all insured home buyers must qualify for the Bank of Canada’s posted five-year rate, now at... Jul 4, 2016 | Latest News, Mortgage Tips & Info
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... 
