Connect with us
[ad_1] In 2018, the stress test was expanded to include buyers with more than a 20% down payment (those with uninsured mortgages). Since then, all Canadian...
[ad_1] “The stress test was introduced to add a margin of safety to ensure borrowers could make their payments if they faced a change in circumstances—such...
[ad_1] For those in that position, as well as those whose mortgages expire in the next 12 months, it’s best to go into the renewal process...
[ad_1] In the company’s fall economic outlook released Thursday, it forecasts the central bank’s interest rate will fall to 3.75% by the end of this year...
[ad_1] How do interest rates relate to affordability? In an effort to subdue runaway inflation, the Bank of Canada (BoC) has raised the benchmark interest rate...
[ad_1] “Potential buyers may not have the cash they require to pay for an asset like a second home in part or in full,” says Maxine...
[ad_1] As an example, someone who considered themselves fortunate to secure a 5-year variable rate mortgage at 0.9% in early 2022 may have seen their interest...
[ad_1] Mortgage payment calculator Understanding the long-term financial implications of a home mortgage, particularly the cumulative impact of interest, can be complicated. A mortgage payment calculator...
[ad_1] Depending on your circumstances, refinancing your mortgage can be a smart financial choice. However, while refinancing can lead to substantial savings, it can also come...