Mortgage stress test gets more stressful on June 1

Effective June 1, the federal mortgage stress test increases to 5.25 per cent, or about four times higher than what major lenders are actually charging

Fixed mortgage rates are on the rise...

Just as the housing market gears up for the traditionally busy spring season, lenders across the country are announcing fixed-rate increases of between 0.1 and 0.2 of a percentage point, according to...

Higher tax on luxury home sales would ease housing crisis

COVID-19 has dramatically reduced municipal revenues, leaving the city with a budget shortfall of $649 million

Could Mortgage Rates Start to Rise Sooner than Expected?

While Canada’s economy recorded its largest-ever annual GDP drop of 5.1% last year, it’s also on track to post a comeback in Q4, which could force the Bank of Canada’s hand in reining inflation in soo...

Debt Consolidation

Did you accumulate debts with high interest? I might have the right solution for you! Debt consolidation is your solution to high interest payments. A debt consolidation mortgage is when you refinanc...

What is a High Ratio, Insurable and Conventional Mortgage?

Canadian mortgage debt balance

Fastest growth since 2018