New qualifying federal mortgage rules changes

On October 3rd, 2016 Bill Morneau, Minister of Finance announced “Preventative measures for healthy, competitive and stable housing market”. The intention is to address the growing household debt and rapidly rising house Read More …

New rules affecting low ratio mortgages

New rules affecting low ratio mortgages The new rules affecting low ratio mortgages or mortgages backed by portfolio insurance are effective from November 30th, 2016. The following are new mortgage Read More …

New rules affecting high ratio mortgages

The new rules affecting high ratio mortgages are effective from October 17th, 2016. The following are new mortgage rules for high ratio mortgages, (under 20% down payment = high ratio Read More …

A refinance story

A refinance story After a period of some stressful time in their life, this including hard work, a change of workplace, some family illnesses and some accumulation in the credit Read More …

Canadians’ household debt

  Simply put in regards to Canadians household debt; In average we currently owe 162.6 percent of every disposable dollar, that means from every dollar after available after taxes and Read More …

Household credit growth in Canada

Household credit growth in Canada The information on the following graph helps us observe that from the past 7 year approximately borrowers are paying more importance to their secure mortgage Read More …

Decreasing bond value pushes to higher mortgage rates

Decreasing bond value pushes to higher mortgage rates Financially speaking, a bond is a debt instrument that based on a current rate pays interests with certain periodicity and investors attracted Read More …