by Jamie Cunningham | Nov 2, 2017 | Blog, Economy, Mortgage |
If you bought a house, or had a mortgage renew roughly five years ago, there’s a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to “play it safe” and lock in a mortgage term for the next...
by Michelle McCullough | Dec 15, 2016 | Blog, Economy, Homeownership, Mortgage |
Every year, Mortgage Professionals Canada (Canada’s national mortgage broker association) releases a report called The Annual State of the Residential Mortgage Market in Canada. Prepared by MPC Chief Economist Will Dunning, the report is a collection of surveys that...
by Michelle McCullough | Oct 3, 2016 | Announcements, Blog, Economy, Homeownership |
This morning, Finance Minister Bill Morneau announced new housing measures, changes meant to alleviate risk in Canada’s current housing market. The measures include: Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress...
by Jamie Cunningham | Jan 20, 2016 | Announcements, Blog, Economy |
Amidst much speculation, the Bank of Canada announced today that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. It appears 2016 is picking up where 2015 left off,...
