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My Mortgage Blog — Latest Posts
An Alphabet Soup of Economic Predictions
Which is Canada most likely to experience? You’ve likely heard of analysts using letters of the alphabet to describe the potential paths for Canada’s economic recovery. Will that graph of the...
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Mortgage Insurers Making Headlines
CMHC Makes Policy Changes – Genworth & Canada Guaranty Stay Put It came as a surprise to many mortgage industry insiders when the Canada Mortgage and Housing Corporation (CMHC) announced...
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CMHC Will Be Tightening Mortgage Rules as of July 1st
Effective July 1, the following changes will apply for new applications for homeowner transactions:Limiting the Gross/Total Debt Servicing (GDS/TDS)ratios to our standard requirements of 35/42; (was...
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Bank of Canada has slightly lowered the stress test from 5.04% to 4.94%
Minimal change, but headed in the right direction.Scotiabank profit plunges 40% as bad loans more than double amid COVID-19.Scotiabank posted a profit Tuesday morning of$1.32 billion in the three...
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