March 15th, 2022
Property prices across Canada remain at peak levels, with the average cost of a home now $748,450 nationwide according to the latest data from the Canadian Real Estate Association (CREA). … [read more]
March 1st, 2022
Since the mortgage stress test was introduced, it has been a hot topic for Canadian homebuyers. The stress test introduced a way for the Canadian government to protect Canadians and … [read more]
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February 15th, 2022
For most people, buying a home is the largest financial decision they’ll make in their lifetimes. It’s not a deal easily undone once the final papers are signed, so it … [read more]
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January 19th, 2022
Finding the right mortgage can be a daunting task. You want to make sure you get the best deal possible, but you may not know where to start. That’s where … [read more]
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January 11th, 2022
Anyone who has bought a house at some point can tell you : mortgages are complicated. Simply looking at the list price of the home tells you very little about … [read more]
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January 6th, 2022
At the pandemic’s outset, the Bank of Canada slashed interest rates in an effort to stimulate the Canadian economy, sparking housing sales across the nation in 2021. But how will … [read more]
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December 29th, 2021
There won’t be any added stress when applying for an uninsured mortgage the Office of the Superintendent of Financial Institutions said Friday. “The minimum qualifying rate for uninsured mortgages will … [read more]
Comments Off on Mortgage Stress Tests Remain, as Potential Rising Interest Rates Could Make Repaying Difficult
December 20th, 2021
Sky-high inflation and surging job numbers weren’t enough to move the dial on mortgage rates; in its final announcement of the year, the Bank of Canada (BoC) has kept its … [read more]
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November 29th, 2021
Buying real estate is one of the most popular additions to an investor’s portfolio. Investors are attracted to real estate for its long-term stability, high return on investment, and potential … [read more]
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November 24th, 2021
The thing that is on all prospective home buyers’ minds before they start getting a mortgage is the down payment required to begin the process. According to Canadian regulations, you … [read more]
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November 16th, 2021
What is Bridge Financing? When selling your home and buying another, there are situations when your purchase closing date is before your selling closing date, meaning you may not have … [read more]
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November 10th, 2021
Everyone dreams of owning their own home, but for many people, the financial requirements can seem insurmountable. While a home won’t ever be cheap, it might not be as bad … [read more]
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November 8th, 2021
Canadian real estate is seen as bulletproof but more banks are warning that might not be the case. CIBC Capital Markets’ November forecast shows a steep climb to the overnight … [read more]
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November 3rd, 2021
If you are looking to get the best available interest rates when applying for a mortgage, your credit score can make a big difference in helping you secure the best … [read more]
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November 2nd, 2021
Unless you plan to pay for your entire property upfront, you will likely have a mortgage when you buy real estate. Mortgage interest rates are a huge factor in a … [read more]
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November 1st, 2021
While self-employed people enjoy the freedom of being their own bosses, they are often restricted by mortgage lenders. There are over 2.9 million self-employed Canadians who enjoy the freedom of … [read more]
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October 20th, 2021
A mortgage term is the length of time a buyer is locked in to a certain mortgage with a specific lender at its rate and conditions. Each type of term … [read more]
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August 31st, 2021
Canadian mortgage debt has surged in recent months, setting an all-time record for household debt growth within the first half of the year. Statistics Canada released its Monthly Credit Aggregates … [read more]
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July 28th, 2021
After the United States 2016 election, the search “How to move to Canada” increased in search engine results dramatically. Since then, there has been an increase in curiosity surrounding what … [read more]
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June 30th, 2021
Mortgage Rate Outlook After a sharp upturn to start the year, Canadian mortgage rates remained stable through the second quarter of 2021. That said, there was recently a significant change … [read more]
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June 29th, 2021
When most homeowners seek a mortgage, they go to a bank, credit union, or other financial institution, but sometimes, these lenders won’t lend them money for a variety of reasons. … [read more]
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June 16th, 2021
Some good news for those looking to qualify for a mortgage: rates will remain at their record lows for the foreseeable future, as the Bank of Canada (BoC) announced it … [read more]
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