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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 [...]

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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 [...]

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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 [...]

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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 [...]