Mortgage news

Kitchener Best Mortgage - Housing Market Update – June 2017

Much like it has been for the past several months and all of last year, demand for homes in the Kitchener-Waterloo region remained high last month. In fact, the President of the K-W Association of REALTORS is predicting yet another record-breaking year of residential sales in the area, and June 2017 was just another piece that contributed to this number as it was the fourth straight month where home sales eclipsed 700 homes. Of the 716 homes sold last month, 467 of them were detached, 141 were...Read more

Tougher Rules And Higher Rates: What’s Next For The Mortgage Market?

Over the past year a few new rules and changes have been put in place that have affected the mortgage market, including: Stress test qualifying rate for all insured mortgages Ontario's Fair Housing Plan Increase in the benchmark overnight rate These changes were implemented to help cool down housing markets and stop individuals from over-borrowing. To find out more about the implications and what's next for the mortgage market go here >> Contact The Mortgage Centre KW today to find out...Read more