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My Mortgage Blog — Latest Posts
The Canadian economy and the housing market
We are living in strange times, economically speaking. Mortgage stress tests have slowed the housing market and may be one of the reasons the Bank of Canada has signaled it may pause on increasing...
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The Upside of Alternative and/or Unregulated Lenders
A recent report from the Bank of Canada reviewed the impact of the government's policy changes on the mortgage market. It found that overall market activity had slowed -- something we knew would...
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The BoC and Me
On May 14th the Bank of Canada’s benchmark (BoC) rate, commonly referred to as the “benchmark qualifying rate", increased from 5.14% to 5.34%. This increase was, in large part, brought on by the big 6...
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Renewals, Refinances, and the Stress Test
New Year, New Mortgage Rules The start of 2018 kicked off with the new mortgage stress test becoming effective on January 1st. The media has covered the reduction in buying power but virtually...
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