Let's chat: 780-920-4565
|
My Mortgage Blog — Latest Posts
Recent changes may be good news for homebuyers
We’ve had back-to-back changes recently in the mortgage world – one direct, one indirect. The benchmark rate used to qualify will change downwards starting April 6, 2020, and the Bank of Canada...
Read More
BOC LOWERS OVERNIGHT RATE BY .50%
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...
Read More
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...
Read More
Mortgage Rate Update
Mortgage Rate Update brought to by CDN Mortgages3 Year 2.09% B5 Year 2.04% B5 Year V 1.90% BThe Mortgage Group broker rates are subject to change without notice All rates based O.A.CA - Quick close...
Read More