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— Latest Posts
Katy Mackenzie || July 21, 2022
Minimum Qualifying Rate for Variable Rate Mortgages
Information as provided by Canada Guaranty, CMHC, & Sagen July 19, 2022Given the rising interest rate environment, the mortgage insurers (Canada Guaranty, CMHC, Sagen) have collaborated to provide...
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Katy Mackenzie || July 13, 2022
Bank of Canada Raises Rate by 100 bps
The Bank of Canada raised its key lending rate by 100 basis points this morning, bringing it to 2.50%.The Bank said inflation is “higher and more persistent” than what it had forecast in April, and...
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Katy Mackenzie || July 06, 2022
Upcoming Changes to Home Equity Lines of Credit
Last week, Canada’s banking regulator unveiled new rules that will govern how borrowers may use Home Equity Lines of Credit (HELOC).The new guidelines unveiled by the Office of the Superintendent of...
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Katy Mackenzie || July 05, 2022
Be prepared when it comes to mortgage closing costs
When new homebuyers are shopping for their first home, they tend to focus on the number one expense: the down payment.But there’s a myriad of additional costs, all of which can add up and potentially...
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