With tighter restrictions and changing lender rules, qualifying for a mortgage is now much more difficult than ever before. For that reason, it is imperative to hire a qualified mortgage broker to educate, support, and guide you forward. They will assess the right path for your needs, help you deal with unexpected obstacles, negotiate the best deal for you, and offer several other benefits. 

Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed Monday they will not be following CMHC’s lead.

A pandemic financial hardship story has revealed the expensive trap built into mortgages offered by big banks.

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. Both RBC and BMO cut a number of their posted mortgage rates this week, which should cause the mortgage stress test to fall from 5.04% to 4.99%, according to RateSpy.com. “It’ll mark the first time since January 2018 (when OSFI’s stress test began) that this benchmark rate has been under 5%,” the site noted. “And, if one more bank matches BMO’s and RBC’s 4.94%, it could drop another 5 basis points.” Granted, the rate change will be negligible for most buyers trying…

Mortgages for New Canadians with less than 20% downpayment

For many Canadians, their home is the most important investment they will make in their lifetime. That is why the Government of Canada has introduced measures to help more Canadians achieve their housing needs while also taking measured actions to contain risks in the housing market. A stable and healthy housing market is part

We are delighted to announce the launch of our new website!

Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer.

New Website Coming Soon!