Mortgage News

We’re heading into the colder months now and a lot of homeowners and borrowers are wondering if they will be able to afford to own a home with the global cost of living rising and [...]

Mortgage and Real Estate Market Update – Fall 2021 The third quarter of 2021 is nearly over and in many markets across Canada, we are starting to see things slowing down. However, we [...]

As COVID-19 negatively effects our markets, Bank of Canada has reduced bank of Canada  overnight deposit rate by ½% .  This should help anyone in a variable mortgage, lines of credit and consumer [...]

The Bank of Canada benchmark rate held at 1.75%.   Difficulties with the Trade agreements is weighing heavily on the global economy, with no end in sight.  While many of our international peers [...]

Key details regarding the first-time home buyer incentive, launching September 2nd, have been released.  Under this program the government will offer assistance to first-time buyers in the form [...]

The federal government is considering a return of the 30-year amortization for insured mortgages, up from the 25-year limit now.  This is great news for millennial first-time buyers who are [...]

On Wednesday October 24th the Bank of Canada increased it’s benchmark interest rate to 1.75%.  This will affect those who have variable mortgages as most lenders have increased their prime [...]

The Bank of Canada has increased it’s Overnight Rate  by 0.25%  to 1.5%.  This will affect the variable rates and lower term mortgages.   The longer term fixed-rate products, that are more [...]

The Bank of Canada has increased it’s qualifying “stress test” rate by 20 basis points to 5.34% from 5.14%.  The “stress test” was put into effect to ensure you can [...]

2017 was an interesting year. We saw the introduction of new mortgage qualifying rules, tighter underwriting, rising mortgage rates, and the rapid increase in home prices, spurring both [...]