The mortgage stress test is flawed because it doesn't consider income growth
There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?
CMHC president defends the mortgage stress test
Is it true that the mortgage stress test doesn’t really have unintended consequences? That’s what Evan Siddall, the president and CEO of Canada Mortgage and Housing Corporation, believes.
Mortgage activity slows as Canadians fall deeper into debt
Since late 2015, the mortgage delinquency rate among 65+ mortgage holders has been on the rise and the highest among all age groups, says the Mortgage and Consumer Credit Trends report by CMHC.
5 things first-time buyers forget about at the time of occupancy
Did you buy a new pre-construction condo as your first home? As your occupancy approaches, you’re probably getting super excited to move in, but there are a few things that many first-time buyers forget about at this important milestone moment.
The housing market is about to go through some big changes
It’s been an interesting couple of weeks - details of Ontario’s Housing Supply Action Plan were released, debate over the mortgage stress test continued, and sales activity started to heat up.
What would happen if the mortgage stress test was eliminated?
Sixteen months after the implementation of the federal government’s B-20 mortgage stress test regulations, TD Bank released an examination of its effects. Basically, the stress test did what it was supposed to do, but had some unintended consequences.
Why I’m having second thoughts about the First-Time Home Buyer Incentive
So, I’ve had some time to contemplate the federal government’s moves to make buying a home easier and more affordable for first-time buyers, and I’m now having some second thoughts.
Is your credit score high enough to get approved for a mortgage in the GTA?
Whether or not you get approved for a mortgage in the GTA has a lot to do with your credit score, among other factors such as your employment status and debt levels.
How the government is planning to improve housing affordability for first-time buyers
Finance Minister Bill Morneau tabled the Government of Canada’s Budget 2019 yesterday, and there was an emphasis on improving housing affordability for first-time buyers.
Canadians want bigger first-time buyer tax credit in federal budget: survey
There’s no doubt that housing affordability – or the lack thereof – has been one of the biggest financial challenges facing Canadians in recent years. That’s led to growing pressure on the federal government to take action.
