Tougher Rules and Higher Rates – Keep an eye on Mortgage Rates

Tougher Rules And Higher Rates: What’s Next For The Mortgage Market? New Regulations It all began last October, when federal Finance Minister Bill Morneau announced several new mortgage regulations aimed at ensuring that Canadian borrowers only take on mortgages they can afford. This included enforcing that all insured borrowers qualify for loans based on the…
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Interest Rate Hike – Can you afford to buy a home?

Interest Rate Hike Means Canadians Will Have To Think Smaller Can you afford to buy a home? Have you ever considered the impact higher rates will have on your home buying options? That nice house that you saw and qualify for today may be out of reach when we see higher interest rates. New Home…
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Bank of Canada Rate Hike – Do you need a Mortgage Analysis?

Bank of Canada Turns the Tide Bank of Canada Rate Hike For the first time in seven years, the Bank of Canada announced today that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion…
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