

CMHC Reverses Changes Made to Underwriting
CMHC Admits mistake in changing their underwriting policies Last year, in response to the economic uncertainty driven by the COVID-19...
Jul 15, 2021


Mortgage Stress Test Rate Increase
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
May 24, 2021


Mortgage Stress Test Rate Decreased
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
Aug 14, 2020


What you should consider before purchasing a home?
Mortgage Payments are often the most obvious thing we think about when looking for a house. But you may also want to consider the...
Jun 8, 2020


CMHC tightens mortgage insurance rules
Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers. The...
Jun 6, 2020


Another Emergency Rate Cut!
Bank of Canada has decreased their overnight rate by 0.50%, bringing it to 0.25%. Which for most lenders will likely decrease their Prime...
Mar 27, 2020


Emergency Rate Cut!
Bank of Canada has decreased their overnight rate by 0.50%, bringing it to 0.75%, effective Monday, March 16, 2020 . Which for most...
Mar 13, 2020


Bank of Canada Decreases Rates
Bank of Canada has decreased their overnight rate by 0.50%, bringing it to 1.25%. Which for most lenders will likely decrease their Prime...
Mar 4, 2020

