Canadians Are Committed To Paying Down Their Mortgages Quickly
byRising household debt is a major concern in Canada. According to the Canada Mortgage and Housing Corporation (CMHC), the debt to disposable income ratio in…
Canada Mortgage
TREB Calls On Ottawa To Rethink Mortgage Stress Test
byDoes Canada still need the mortgage stress test? TheToronto Real Estate Board doesn’t seem to think so. On Wednesday, John DiMichele, chief executive of TREB questioned…
Finance Minister Says Stress Test Is Not In The Cards For Private Lenders
byFinance Minister Bill Morneau says the federal government has no plans to impose Canada’s mortgage stress test on private lenders. READ: 3 Home Buying Trends…
Private Lenders Might Need To Adhere To Mortgage Stress Test Rules
byThe mortgage stress test has done its job of slowly cooling Canada’s hot markets. Since it was implemented in early 2018, the test was…
5 Ways To Improve Your Credit Score In 2019
byIf you’re hoping to get a mortgage approval this year, your finances better be in order. We’re not just talking about debts, income and…
Canadian Housing Market Is Still Vulnerable, Bank of Canada Says
byThe Bank of Canada says the Canadian housing market is still highly vulnerable despite rising interest rates and tight mortgage rules. Just last week,…
This Common Mistake Could Mean More Mortgage Payments
byFor those with a variable mortgage, ever-increasing interest rates might make you feel like you’re caught in a game of chicken. Do you swerve…