OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now
Buying A Home / Economic News / First Time Home Buyers / Mortgage News / Mortgages / Refinancing and Renewing / Your Budget

OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now

Effective Jan. 2018, all Canadians applying for a new mortgage will be subject to a stricter stress test to assess if they could still make mortgage payments in the event interest rates rise. The new guidelines will reduce how much you can afford… Continue reading »

New Federal Mortgage and Real Estate Rules Announced
Buying A Home / First Time Home Buyers / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Refinancing and Renewing / RSM News / Selling Your Home / Uncategorized

New Federal Mortgage and Real Estate Rules Announced

Applying for a mortgage? Already own a home? The federal Liberals have announced mortgage changes that will have an impact on homebuyers and homeowners. Read on to find out what these are and how they will affect you. Continue reading »

CMHC Reports $14 Billion Mortgage Insurance Decline
Buying A Home / First Time Home Buyers / Mortgage News / Mortgages / Refinancing and Renewing

CMHC Reports $14 Billion Mortgage Insurance Decline

The CMHC is the biggest provider of mortgage insurance in Canada, but recent efforts have focused on reducing their involvement with high-risk mortgages. The Crown Corporation reported $14-billion decline in insured mortgages in their 2014 annual report. Great news for taxpayers – but what does that mean for prospective borrowers? Continue reading »