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Mortgage News

2018 Mortgage Market in Toronto: Summary & Outlook | Hot Property Online

Check out this week’s episode of Hot Property Online for the summary and outlook of… READ MORE

Are you a HELOC holder? Here are the new rules that may affect you! | Hot Property Online

  A quiet rule change on HELOC… Will you be affected? In this week’s episode,… READ MORE

The Canada Mortgage and Housing Corporation forecasts a balanced market in the GTA through 2020

The Canada Mortgage and Housing Corporation forecasts a balanced market in the GTA through 2020.… READ MORE

What is a High-Ratio Mortgage In Canada?

A high-ratio mortgage applies to people that have less than 20% of a down payment… READ MORE

CMHC finds Toronto commuting costs can outweigh cheaper suburban house prices

In the Greater Toronto Area, the added cost of a long commute often outweighs the… READ MORE

Interest rates are rising! Is it time to lock in your mortgage?

On October 24th, the Bank of Canada announced it was raising the benchmark interest rate… READ MORE

BREAKING: Bank of Canada increased the bench-mark interest rate to 1.75% as expected

This morning, Bank of Canada announced to increase the benchmark 1.75 per cent on Oct.… READ MORE

Scotiabank raised its posted five-year fixed rate to 5.44%

As mortgage rates are climbing, qualifying a mortgage becomes more difficult than before. The stress… READ MORE

Canadian Reverse Mortgage Debts Hit New High

Recently, Office of the Superintendent of Financial Institutions (OSFI) filings show that the total balance… READ MORE

How this week’s U.S. interest rate hike will affect Canadians?

U.S. Federal Reserve is expected to raise interest rates this week — and then keep… READ MORE