Our Blog

  • July 21, 2021
  • Posted by Roar Admin

How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in British Columbia

When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with

  • July 14, 2021
  • Posted by Roar Admin

Bank Of Canada Rate Update July 14, 2021

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of perc

  • November 27, 2019
  • Posted by Jill Hawe, MBI

Less mortgage. Higher rate. What gives?

Think that mortgage rates are suddenly very confusing? It’s not your imagination. New Canadian mortgage rules have changed the way lenders operate in Canada. The good news is that you’re i

  • October 22, 2016
  • Posted by Jill Hawe, MBI

The Stress Test - What you need to know about the new mortgage rules....

On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent 'stress testing' for borrowers. The new rules are designed to lower debt levels, enforce som

  • July 13, 2016
  • Posted by Jill Hawe, MBI

Brexit's Impact on the Housing Market/Further restrictions on Federally Regulated Lenders

Bank of Canada Holds Benchmark Rate The Bank of Canada announced today that it is holding the key rate steady. The Bank cut its 2016 GDF forecast, but noted that fundamentals are in p

  • March 2, 2016
  • Posted by Jill Hawe, MBI

Purchasing a Home or Renewing Your Mortgage - Prepare Your Income Documentation Early

We’ve all heard the scout motto “Be prepared”. It’s great advice if you need a mortgage. Assembling everything your lender needs to verify your income is a critical component o

  • February 3, 2016
  • Posted by Jill Hawe, MBI

House over $500,000? New downpayment rules effective February 15, 2016

  On February 15, 2016, minimum downpayment rules are changing in Canada – for homes worth more than $500,000. The change is straightforward: for any portion of the house price over $500,0

  • November 9, 2015
  • Posted by Jill Hawe, MBI

Six Ways to Boost Your Credit Score

Your credit score is essentially your passport to financial opportunities. With a possible range of 300 to 900, your number tells lenders what kind of a risk you are likely to be as a borrower. A low

  • October 21, 2015
  • Posted by Jill Hawe, MBI

What our New Liberal Government Means to your Mortgage

More spending means higher bond yields and higher bond yields mean higher fixed mortgage rates. On the other hand, the mortgage rules may be relaxed in order for consumers to qualify for a mortgage mo

  • May 26, 2015
  • Posted by Jill Hawe, MBI

Downpayment saved? Fantastic!! What you need to know for your mortgage approval.

  You've got your downpayment and you're ready to go.  Congratulations!  Soon you'll need to verify that downpayment for your mortgage approval.  It's required by all lenders to p

Bookmark and Share