BILD Low-Rise Forum: Mortgage Mania
On April 18th, 2013, we attended BILD’s Low-Rise Forum. The speaker was Will Dunning, an economist and housing market analyst with over 30 years of experience. Dunning has a history working with the Canada Mortgage and Housing Corporation, and now his
Will Toronto remain unfazed by the new mortgage rules?
The new stress-testing mortgage rules mean Canadians need higher incomes to purchase homes. According to a video produced by Huffington Post, your household income needs to be approximately $144,946 to afford an average priced home in the GTA ($755,755),
Could your mortgage pass the (stress) test?
The Office of the Superintendent of Financial Institutions Canada (OSFI) yesterday published the final version of its Residential Mortgage Underwriting Practices and Procedures, which will come into effect January 1, 2018. As it applies to all federally
When and When Not to Refinance Your Mortgage
By RateHub.caJust because you’ve signed on the dotted line doesn’t mean you’re stuck with your mortgage until the very end. Refinancing your mortgage can be a wise move, but it can also cost you thousands in prepayment penalties. Whether you’re looking
You can now lock-in an incredible mortgage rate at The Logan Residences in Toronto
Looking to move into a new condo this year in the heart of one of Toronto’s most vibrant neighbourhoods? You need to check out The Logan Residences by The Daniels Corporation.
The B-20 impact: How will new mortgage rules affect 2018 real estate?
A new year usually means bringing out the bubbly – but homebuyers are less inclined to cheers the beginning of 2018, as January 1st ushered in regulations that make it tougher to get a mortgage. Guideline B-20 is the latest crop of
CMHC Increasing Mortgage Insurance Premiums
Effective May 1, 2014, the Canada Mortgage and Housing Corporation (CMHC) will be increasing its mortgage insurance premiums after the annual review of their insurance product and capital requirements.Those affected include owner occupied units,
Don't let your mortgage automatically renew
(NC)-When's the last time you thought about your mortgage? Do you know your rate? Do you know when your term is up for renewal? Do you know what happens if you don't renew your mortgage? Many Canadians don't. It's no wonder when it comes time to renew a
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.
