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Mortgage Stress Test Changes Coming June 1 – What You Need to Know
Starting June 1, 2021, the minimum qualifying rate used for both the insured and uninsured mortgage stress tests will be increasing.Whether you’re making a down payment of less than 20% or more than...
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Recreational Properties Likely to See Continued Demand and Price Growth in 2021
For the past year, soaring home prices and a desire for more space have sent homebuyers flocking beyond the suburbs and into beautiful cottage country.It’s a trend that is playing out right across the...
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House Prices Reaching New Heights. Where to from Here?
Several housing reports have been released over the last couple of weeks, and they all tell the same story: house prices are soaring. Records are being broken on a monthly basis, seemingly...
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Fixed Mortgage Rates on the Rise, While Effective Variable Rates Are Falling
Fixed mortgage rates in Canada have been marching higher over the past couple of weeks, led by a rise in funding costs for mortgage lenders.The main culprit is rising bond yields, which typically lead...
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