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Mortgage News

CMHC Tightens Mortgage Rules

Effective July 1st, CMHC’s underwriting policies will be changing for insured mortgages with new rules… READ MORE

Bank of Canada lowering rates to provide “stability”?

Hot Property Question of the Week – March 05, 2020   Question from a viewer:… READ MORE

Mortgage Stress Test Changes

The Federal Government has announced that we will see changes to the stress test starting… READ MORE

It’s easier than ever to get your credit score online but there’s a catch…

Buying your first home?  Checking out your credit score online?  MonsterMortgage’s, Vince Gaetano, recently worked… READ MORE

Bank of Canada leaves interest rate unchanged in today’s interest rate announcement

OTTAWA — The Bank of Canada is holding steady on interest rates as it gauges… READ MORE

Your bank is making billions, yet they won’t approve your mortgage…

Canadian big banks reported their quarterly earnings recently.Click below to see how much profit your… READ MORE

The qualifying rate drops, what does it mean for you?

The Bank of Canada lowered the qualifying rate used in the mortgage “Stress Test” from… READ MORE

The mortgage qualifying rate dropped since 2016

The interest rate used in Canada’s mortgage stress tests has fallen for the first time… READ MORE

The First Time Home Buyer Incentive is set to be available from September 2, 2019

The federal government’s plan to boost Canadian homeownership among middle class families now has an… READ MORE

Bank of Canada: interest rate remains unchanged.

The Bank of Canada today maintained its target for the overnight rate at 1 ¾… READ MORE