Good News for Those with Mortgage Renewals
Posted on Sep 26, 2024
Good News for Those with Mortgage Renewals Coming Up
Mortgage stress test requirement lifted for renewing borrowers who change lenders
The move improves competition among the big banks to post lower interest rates for those renewing their mortgage.
Canada’s banking regulator will no longer require banks to apply the mortgage stress test to borrowers...
Canada's Insured $1.5M First-Time Home Buyer Loans
Posted on Sep 23, 2024
Canada’s Insured $1.5M First-Time Home Buyer Loans Are A Quiet Bail Out
Canada appears to be doubling down on its position that more demand will create affordability. Earlier this week, the Government of Canada (GoC) announced its “boldest mortgage reforms ever,” including its most ridiculous mortgage reform ever—first-time buyers using state-backed...
