Categroy

Mortgage News

Boc Sept 7th Rate Announcement
Bank of Canada Rate Hike Announcement
After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is ...
Read More
Should I Convert My Variable Rate Mortgage to Fixed?
Should I Convert My Variable Rate Mortgage to Fixed?
Homeowners in Richmond Hill, Mississauga, Toronto and the GTA with variable interest rate mortgages watch in dismay as the Bank ...
Read More
Variable Rate Mortgages Are About To Hit Their Trigger Rate
Variable Rate Mortgages Are About To Hit Their Trigger Rate
What is about to happen to variable rate mortgages? Most variable rate mortgages have static monthly payments, which protect the ...
Read More
July 13th Bank of Canada Announcement
July 13th Bank of Canada Announcement
The Bank of Canada has increased the overnight rate by a whopping 1%, which means the chartered banks will most ...
Read More
Mortgage Stress test - Everything you need to know and more
Mortgage Stress test – Everything you need to know and more
Many homebuyers ask me how the new mortgage stress test rules affect them. Is the mortgage stress test just for ...
Read More
8 Ways the Federal Budget 2022 Affects You
8 Ways the Federal Budget 2022 Affects You
Federal Budget 2022 - Mortgage and Real Estate Impacts. Last week’s Federal Government 2022 Budget included a much-improved roadmap for ...
Read More
Three Ways To Beat The Mortgage Stress Test
Three Ways To Beat The Mortgage Stress Test
Updated July 18, 2022

All major banks are now offering five year fixed rate mortgages at greater than 5%. And the ...
Read More
Rate Hikes Have Begun - What You Need To Do
Rate Hikes Have Begun – What You Need To Do
The rate hikes we have been expecting have started. I recently made a guest appearance on the CBC Radio 1 ...
Read More
What Is The Impact Of Rising Interest Rates On Mortgage Pre-Approvals?
What Is The Impact Of Rising Interest Rates On Mortgage Pre-Appro...
With inflation in Canada at its highest levels in 18 years, talk has resumed about the prospect of higher mortgage ...
Read More
Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand and Costs
Aftermath of COVID-19: Dramatic Shifts in Housing Supply, Demand ...
Adjusting to a post COVID-19 world, many things will be different, some permanently. We analyze how Canadian housing markets, including ...
Read More
How Will Borrowers Be Impacted By CMHC's Tougher Canadian Mortgage Qualification Rules?
How Will Borrowers Be Impacted By CMHC’s Tougher Canadian M...
With a shell-shocked COVID-19 Canadian economy as backdrop, CMHC moved to tighten lending standards for insured mortgages. New rules for ...
Read More
COVID-19 EI Benefits and CERB Updates -- Q & A from Social Media
COVID-19 EI Benefits and CERB Updates — Q & A from Soc...
Stay at home orders have forced many Canadians to be temporarily out of work and collecting government benefits for the ...
Read More
COVID-19 Impact on Canadians' Financial Well-Being
COVID-19 Impact on Canadians’ Financial Well-Being
Running commentary and news updates on COVID-19's impact on banking, real estate, mortgages, government relief programs, personal credit, and other ...
Read More
The toronto real estate market is alive and well
The Toronto Real Estate Market Is Alive and Well
It's no fun trying to buy a property in an overheated real estate market. Buyers find themselves competing against many ...
Read More
Rising Interest Rates and Your Mortgage
Rising Interest Rates and Your Mortgage
Mortgage interest rates rise and fall for many reasons. Some borrowers feel the full impact of these gyrations as they ...
Read More
Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice From ASKROSS.ca
Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice Fro...
Canada's mortgage stress test and a new international accounting standard -- IFSR 9 -- are creating tremendous uncertainty for mortgage ...
Read More