Bank of Canada Increase’s Rates
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 [...]
CMHC making it easier for self-employed borrowers to qualify
Canada Mortgage and Housing Corp. is making changes so that it’s easier for self-employed borrowers to qualify for a mortgage. Self-employed Canadians are a significant part of our work [...]
Bank of Canada Increases Rates by 0.25%
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 [...]
Mortgage Market Update – 2018 Q1 – Kitchener Waterloo
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 [...]
