What the Bank of Canada Rate Increase to 1.5% Means for Canadian Home Owners and Home Buyers
Buying A Home / Economic News / Home Ownership / Mortgage News / Mortgages / Personal Finance / Personal Finance News / RSM News / Savings / Selling Your Home / Your Budget

What the Bank of Canada Rate Increase to 1.5% Means for Canadian Home Owners and Home Buyers

As if the new mortgage stress test didn’t make things more difficult, from loans to mortgages, the Bank of Canada rate increase means it’s now harder for Canadians to borrow money. For example, if you have a variable rate mortgage set at prime… Continue reading »

New Year, New Mortgage Rules: Why You’ll Soon Have a Harder Time Qualifying for a Mortgage
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Lifestyle / Lifestyle News / Loans / Mortgage News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / RSM News / Your Budget

New Year, New Mortgage Rules: Why You’ll Soon Have a Harder Time Qualifying for a Mortgage

In 2018, new Ontario mortgage applicants likely won’t be able to afford the same home, as stricter mortgage rules come into place. And while those with a fixed rate mortgage are not impacted by interest rate increases implemented by the Bank of Canada, their affordability will be affected as well. For example… Continue reading »