Info, news and tips about the Canadian mortgage industry, – real estate/housing market, interest rates, and more.
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Last week, the Canadian Department of Finance unveiled plans to change Canada’s mortgage stress test for uninsured mortgages. Minister of Finance, Bill Morneau, announced on February 18, 2020 that the benchmark rate used to determine the minimum qualifying rate for insured mortgages — also known as the “stress test” —…
The Teranet Market Insights Report is trusted by real estate professionals to share insightful analysis into the Ontario housing market — and the March 2019 edition is no exception. The latest Market Insights Report dives into a topic that has been front of mind for many in the mortgage industry:…
New mortgage rules are changing the Canadian real estate market. While it’s yet to be determined how much the market will change in response to the latest regulations, there is sure to be an impact. The Office of the Superintendent of Financial Institutions announced the new mortgage rules in October…