My Mortgage Blog — Latest Posts
Housing affordability continues to erode
New mortgage rules, rising interest rates, and stress tests have definitely cooled housing market activity by making it more challenging for some to qualify for mortgage. An unwelcome consequence...
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A Time of Great Change
As you probably know, the mortgage rules are changing once again, effective January 1. The introduction of the minimum qualifying rate (stress test), this time for uninsured buyers, may be the...
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Pre-Approval or Pre-Qualify – What’s The Difference?
I get this question a lot and I see quite a few clients coming too me saying they have been pre-approved but received a decline when they had an offer on the table.To get a mortgage you basically need...
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Canada set to grow in different ways
The Canadian economy is poised to grow again, but in a very different way according to the Bank of Canada’s (BoC) recently-released Monetary Policy Report. The BoC expects global economic growth to...
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