

Variable Rate Increase
March 2, 2022 Bank of Canada has raised their overnight rate by 0.25%, bringing it to .50%. Which for most lenders will likely increase...
Mar 2, 2022


Bank of Canada decides NOT to increase rates today!
Bank of Canada has maintained the overnight rate of 0.25%. We have not seen a change in this rate since March 2020 The Bank of Canada...
Jan 27, 2022


CMHC Reverses Changes Made to Underwriting
CMHC Admits mistake in changing their underwriting policies Last year, in response to the economic uncertainty driven by the COVID-19...
Jul 15, 2021


Mortgage Stress Test Rate Increase
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
May 24, 2021


Mortgage Stress Test Rate Decreased
The purpose of using a benchmark rate when qualifying for a mortgage is to ensure that one can still manage their mortgage payments if...
Aug 14, 2020


What you should consider before purchasing a home?
Mortgage Payments are often the most obvious thing we think about when looking for a house. But you may also want to consider the...
Jun 8, 2020


CMHC tightens mortgage insurance rules
Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers. The...
Jun 6, 2020


Another Emergency Rate Cut!
Bank of Canada has decreased their overnight rate by 0.50%, bringing it to 0.25%. Which for most lenders will likely decrease their Prime...
Mar 28, 2020