The Office of the Superintendent of Financial Institutions Canada (OSFI) has thrown down the gauntlet once again. If you were planning on purchasing real estate with a down payment of 20% or more, you might want to consider doing it…
I have first hand knowledge of what benefits written documentation can provide when a relationship dissolves. A great article that everyone should read. CP Are your major financial assets protected as you enter into a serious relationship?
The Bank of Canada has decided to increase the overnight rate today. Prime will now increase to 3.20%, up from 2.95%. The next scheduled date for announcing the overnight rate target is October 25, 2017. Press release
This article has some good insight on what may become reality. One thing for sure, current mortgage rates are still at historical lows. If you are thinking about purchasing real estate, now might be better than later. http://www.bnn.ca/realtors-brace-for-next-mortgage-crackdown-amid-shadow-banking-fear-1.827890
The Bank of Canada has increased the benchmark qualifying rate 0.20% to 4.84%. All insured or insurable mortgages use the benchmark rate to qualify borrowers. The benchmark rate is used to ensure borrowers can handle their payments in the event…
The Bank of Canada has decided to change the overnight rate today. Prime will now increase to 2.95%. The next scheduled date for announcing the overnight rate target is September 6 2017. Press release
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. The next scheduled date for announcing the overnight rate target is July 12 2017. Press release
TORONTO, April 25, 2017 /CNW/ – Today, Mortgage Professionals Canada launched a new web-based consumer advocacy campaign and website www.tellyourmp.ca to support its ongoing efforts to inform and educate Members of Parliament (MP) about the negative impacts of the federal government’s…
As the housing market heats up in South Western Ontario property values rise. If you are not planning on selling anytime soon you can still benefit from this market. Interest rates are at historic lows and combine that…
Great news for all the variable rate mortgage holders. Prime will remain at 2.70%. You can start your happy dance now. Press release The next scheduled date for announcing the overnight rate target is May 24 2017.