Mortgage Stress Tests: what are they, and will you pass?

General Melanie Ward 7 Aug

Things just got a little easier in Canada with new changes to our mortgage stress tests. The Bank Of Canada lowered the rates for Canadian mortgage stress tests in July, the first drop since 2016. The mortgage qualifying rate dropped to 5.19 per cent from 5.34 per cent, where it had been locked since May […]

Read More

Interest Rate Cut More Likely Than A Hike For 2019

General Melanie Ward 29 Mar

When the Bank of Canada decided this month to keep its benchmark interest rates stable at 1.75%, it signalled the weakening economy makes it unlikely a rate increase is anywhere on the horizon. Inflation is not where it should be for a hike We’re not in a deflation mode right now, but inflation is under […]

Read More

Growing cannabis at home? Let’s weed through those mortgage issues!

General Melanie Ward 28 Nov

Hey hot topic for sure in Canada right now…. great read from my colleague Chris… check it out Growing cannabis at home? Let’s weed through those mortgage issues! As many of you already know, Canada just became the second country in the world to legalize marijuana for medical and recreational purposes. Of course, this historic […]

Read More

Variable Rate? To Lock In Or Not?

General Melanie Ward 28 Nov

Variable Rate? To Lock In Or Not? This post applies if you are taking a new mortgage, whether it’s for a purchase, refinance, or renewal. The variable remains the main contender. Economists can be biased But what about all the economists saying if you are currently in a variable rate mortgage then you should rush […]

Read More
12