Category Archives: Mortgage News & Events

Mortgage Rates – Get Ahead of the Rate Train

Get Ahead of the Rate Train What will rate increases mean for you? With approximately 47% of mortgages in Canada coming up for renewal in 2018 and in a rising rate climate, it would be wise to consider the impact on our personal mortgage. What will these increases mean for you? 70% of Canadians are…
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Rate Hike – Can you afford to buy a home?

Bank of Canada Raises Rates Cautiously Another Rate Hike As was widely expected, the Bank of Canada announced another quarter-point interest rate increase, saying that more rate hikes are ahead. According to Governor Stephen Poloz, the “big cloud” over the Canadian economy is the uncertainty associated with NAFTA and he cautioned that it would be…
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New Mortgage Rules – Apply Now

New Mortgage Rules 2018: A practical guide Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be able to cope with interest rates substantially higher than their contract rate. New rules by Canada’s federal financial regulator announced in October, mean that even borrowers with a down…
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Returning to the ‘A-Side’ – A Mortgage Broker can help

Returning to the 'A-Side' Every year Canadian families are caught in unexpected bad circumstances only to find out that in most cases the banks and the credit unions are there (to lend you money) only in the good times, not so much during the bad times. Working with a Mortgage Broker This is where thousands…
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