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My Mortgage Blog — Latest Posts
The Bank of Canada lowered its target for the overnight rate by 50 basis points to 1¼ percent. The Bank Rate is correspondingly 1½ percent and the deposit rate is 1 percent. While Canada’s economy...
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Mortgage Stress Test Changes Making it Easier to Qualify
Just as the Toronto housing market is gaining steam, the federal government is adjusting the stress-test rate for insured mortgages. The move is expected to make it easier for some people to...
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Mortgage Rate Update
Mortgage Rate Update brought to by CDN Mortgages3 Year 2.99% B5 Year 2.44% B5 Year V 2.20% B10 Year 3.24% BThe Mortgage Group broker rates are subject to change without notice All rates based O.A.CA...
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Know Your Words – Mortgage Words, that is
Buying a home is a big investment. With so much at stake, it’s important learn what you can about the homebuying process as well as understanding the "language” of mortgage lending. A recent...
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