It’s begun. The message is starting to sink in. The new mortgage rules could eliminate 15% of Canadians from qualifying for a mortgage after January 1st, 2018. The mad rush … Continue Reading Review your mortgage NOW! Next year may be too late.
HARDER TO QUALIFY WITH 50% DOWN THAN WITH 5% DOWN.. DOES THIS MAKE SENSE? October 2016, our Federal govt announced a number of new mortgage rules including the infamous new … Continue Reading OSFI announces strictest mortgage rules ever… what you need to know.
The Bank of Canada Governor, Stephen Poloz, has been full of surprises since he took on his current role. With a second 0.25% rate hike today in consecutive BoC meetings, … Continue Reading A 2nd Bank of Canada rate hike surprises many.. what’s it mean?
Fewer homes in the summer. Lower average home selling price in the summer. That’s this year’s headline. But it could also apply to last year or the year before or … Continue Reading Spring housing market in the Fall?
On July 12th, for the first time in seven years, the Bank of Canada increased the overnight rate by .25%, withdrawing some of the stimulus that was needed after the … Continue Reading Rates went up, so now what do you do?