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My Mortgage Blog — Latest Posts
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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Mortgage Rule Changes Are Coming - What It Means For You
By now, the upcoming new mortgage regulations set out by OSFI (Office of the Superintendent of Financial Institutions) are top of mind having received plenty of press coverage. What are the New...
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Debt-to-Income Ratio and Equifax Breach
What does the debt-to-income ratio really mean? Does this ratio deserve all the media the attention it is getting in the local news? “For every $1 of household disposable income, Canadians have...
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