mortgage stress test

Mortgage Stress Test: New Rule Changes?

Just when you thought it was safe … The Office of the Superintendent of Financial Institutions (OSFI) is at it again! They have proposed new mortgage […]
Calgary Real Estate

Calgary Real Estate Market Showing Stability

Real Estate Update Single family and attached home activity is humming along this spring! Attached properties (ie. duplexes and row houses) are seeing the biggest shift […]

Breaking News: More changes to mortgage qualification

Big changes announced Monday for the mortgage industry. Effective October 17, homebuyers with less than 20% down, looking for a fixed term of five years or […]
Forecast 2016

Looking forward to 2016!

This past year we saw many challenges in the housing sector. There were the recent changes to down payment minimums; we saw housing prices increase in […]
Down payment

New Down Payment Rule – How does it impact you?

Last week, the Federal Government announced that the minimum down payment for homes priced over $500,000 will increase. Currently, the minimum down payment for a home […]

Interest Rate Update – Guest Blog by Pat Duggan

Here is a great blog post from a colleague and high school friend in Ontario in response to the Bank of Canada decreasing the overnight lending […]

Did the mortgage market do what we thought it was going to do in 2014?

As we all know, predictions and forecasts are all well and good but they usually aren’t worth the paper they are printed on. While I might […]

Appraisals made easy!

Changes in mortgage rules for home buyers and insurers certainly have had an impact on the housing market, and those changes impacted property appraisals as well. […]

Policy change for banks good for consumers!

Banks are improving their disclosures on the draw-backs or collateral mortgages – YAY! It’s about time that there more transparency will be required of major banks. Transparency is […]

Forecasts say no move in rates until 3rd quarter 2015, at least!

In an interview this week, Stephen Poloz, the Bank of Canada Governor, said that, even if  employment growth strengthens, the central bank has scope to keep interest […]

What can we expect from new B-21 Guidelines for Lenders?

This past April, the Office of the Superintendent of Financial Institutions (OFSI) released the draft guidelines for Residential Mortgage Insurance Underwriting Practices and Procedures; or more […]

The growth of private mortgage lending

Getting a mortgage from a bank has become a bit more challenging, especially for those who are self-employed or have some credit challenges – whether the […]