CMHC Changes Underwriting Guidelines. Lower debt servicing could mean a harder time qualifying, along with higher minimum credit scores. Sheesh!

In response to Covid-19, Equifax has decided to offer free access to your Equifax credit report. Learn how to access your free report here!

Hey everyone!  Since the start of the Covid-19 crisis, this has been an absolutely crazy year for all of us, including everyone involved in the financial sector. Canada's central bank has continued to drop it's policy rate as the crisis has evolved, in hopes of mitigating some of the economic destruction this crisis and lockdown has caused. They've now reached an 'overnight rate' of just 0.25%. This is the rate that influences the 'Prime Rate' that banks offer their customers for...

Well that was unexpected... Here we go again!  Here's the highlights: For everyone wondering how this will impact current mortgage rates, here's the highlights: This is ANOTHER 0 .5% drop to the bank of Canada's 'overnight rate'. The 'overnight rate' is a rate that is used to influence bank's/lender's 'Prime Rate', which is used to calculate variable mortgage rates. Because the bank's 'Prime Rate(s)' will likely drop AGAIN (read: should drop), we will see that...

Bank of Canada lowers overnight rate target to 1 ¼ percent

7 things you can expect when having your home appraised. A great primer for clients who are about to have an appraiser visit your home. Content provided by Adlaw Appraisals.

All mortgages are NOT created equal when it comes to penalty calculations. Here's what you need to know!

Interested in that super-low-rate mortgage promotion you just saw? Think twice and read the fine print before signing up, or you may get more than you bargain for.

Find out the difference between mobile and modular homes, and some considerations when trying to obtain a mortgage for these types of properties.

October 24 2018. Bank of Canada raises overnight rate again, leading to prime rate increases.