January 1 is fast approaching, do you know how the new changes may affect you?

6th Dec 2017

In October, OSFI implemented 3 new mortgage rule changes starting January 1, 2018.  Here are the changes and what it means for buyers and homeowners. 1) Qualifying Rate Stress Test for all uninsured mortgages Uninsured mortgage consumers must now qualify using a new minimum qualifying rate. The rate will be the greater of the five-year […]

Read more

More changes to come as Mortgage rates are about to increase?

5th Sep 2017

With mortgage rates appearing to be on the rise this week borrowers may be faced with more challenges than just higher interest costs in the future. It seems the new Government is not done with their changes nor are they looking to get any input from industry experts.  After Mortgage Professionals Canada lobbying in Ottawa […]

Read more