An Overview of Mortgage Penalties

An Overview of Mortgage Penalties There is an old joke that the only things that are inevitable are death and taxes. We hate taxes every time we pay them because of how much of our income it takes. And many homeowners hate mortgage penalties for the same reason, given...

Fixed and Variable Rate

How to Decide Between a Fixed Rate and Adjustable Rate Mortgage For those deciding to buy a new home, the next question for most is how they’re going to pay for it. Very few home buyers have the cash to buy a property outright, so a mortgage is necessary. The two main...

Mortgage Rate Forecast

Mortgage Rate Forecast Mortgage rates have been historically low for 2017, though they were raised twice. And in October, 2017, the Bank of Canada said it would hold interest rates steady for now. But what is likely to happen to interest rates in the future? And how...

New Mortgage Stress Test

An Overview of the New Mortgage Stress Test Rules The January 2018 Rule Changes Toward the end of October 2017, Canada’s banking regulator announced it was changing the underwriting guidelines again. The OFSI guideline B-20 will further tighten lending standards,...