by Josh | Feb 1, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized
Canada’s housing market has long been considered quite overheated. This trend is mostly driven by the extreme markets of Vancouver and Toronto housing markets; these are the markets that government regulations limit loan to value ratios among others that were targeted... by Josh | Dec 16, 2017 | Mortgage Blog, Mortgage Tips & Advice
The December 2017 interest rate decision by the Bank of Canada was to hold steady at a one percent interest rate for the time being. However, the Bank of Canada hinted that it may need to raise interest rates in the future. Governor Poloz said that interest rate... by Josh | Dec 1, 2017 | Mortgage Blog, Mortgage Tips & Advice
An Introduction to Mortgage Penalties Mortgage penalties rarely hit the news, though an Edmonton couple told their mortgage penalty would be $17,000 recently did. Nor are they the only case where mortgage penalties hit five figures. What many don’t understand is how... by Josh | Nov 16, 2017 | Mortgage Rates, Mortgage Tips & Advice
Today, most rates on Canada’s most popular mortgage – the five-year fixed – are at or north of 3 per cent. In just the past three months alone, the five-year government yield – which leads fixed mortgage rates – has rocketed 75 per cent higher. Despite mounting... by Josh | Oct 24, 2017 | Economic, Mortgage Products, Mortgage Tips & Advice
Canada’s banking regulator today unveiled in October final changes to its mortgage underwriting standards—Guideline B-20—that will further tighten lending standards and affect borrowers and lenders alike. The most wide-reaching change announced by the Office of the... by Josh | Feb 17, 2016 | Economic, Mortgage Products, Mortgage Tips & Advice, News
New federal mortgage rules are now officially in effect, but most market watchers don’t expect to see much change. Just to recap: Ottawa has boosted the minimum down payment on insured mortgages valued at $500,000 to $999,000. In order to get mortgage insurance...
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