Blog

Being a Mortgage Newbie Doesn’t Have to Suck!

Great! You’re ready to start your journey as a first home buyer but now that also means you have to shop for your first mortgage. And we get it, being a mortgage newbie sucks (but it doesn’t have to)!    First of all, it involves math and numbers. Eeeeek! Then there is this new ...

B-20 Mortgage Rules Impact – a Look at the Stress Test

When OSFI announced the most recent tweak to mortgage rules known as B-20, there was serious concern about the impact it would have on the market. The rules which came into effect at November 1 2017 were far sweeping. There was outcry from all stakeholders… Present and would-be home owners were frenzied to position ...

April 2019 Bank of Canada Prime Rate Decision

Bank of Canada maintains the Prime Rate unchanged at its April meeting. January economic data somewhat surprised the BoC and observers giving cause for optimism due to some unexpected growth in certain sectors of the Canadian economy. However February saw growth decline. In fact there was a 0.1% contraction to the economy. As such ...

March 2019 Rate Watch – Bank of Canada Interest Rate Decision

What a difference a few months make. In 2018 the Canadian economy was set to out pace it’s growth projections prompting the Bank of Canada to swiftly increase the benchmark rate 3 times. The Bank of Canada cautioned Canadians about the likelihood of 3 additional increases in 2019. 3 months into 2019 and all the ...