Category: Industry updates (11 posts)
Ottawa changing the stress test will make it easier to qualify
February 20, 2020 | Posted by: Patrick Mulhern
Canada’s stress test is no stranger to controversy; here’s why Ottawa is changing it now The new “floor” for the mortgage stress tests is scheduled to come into effect ... [read more]
BC housing prediction for 2020
January 24, 2020 | Posted by: Patrick Mulhern
BC housing market should be 'considerably brighter' in 2020 by Steve Randall 24 Jan 2020 The recovery of the British Columbia housing market should continue the momentum of the end ... [read more]
Mortgage update
January 9, 2019 | Posted by: Patrick Mulhern
January 9th, 2019 Happy New Year: we hope you & your family enjoyed the holiday season and wish you the very best in the new year. ADVANCE PROPERTY TAX NOTICE: Deadline ... [read more]
New Stress Test lending rules start Jan 1, 2018
October 17, 2017 | Posted by: Patrick Mulhern
Hi All, Here is something we got from TD regarding OSFI's stress test changes on conventional mortgages. Guess we will have to see what impact these will have in the various m ... [read more]
After the Rate Hike
August 3, 2017 | Posted by: Patrick Mulhern
Patrick Mulhern Senior Mortgage Broker 604.878.0234 AFTE ... [read more]
New Government of Canada rules Announced October 3, 2016
October 4, 2016 | Posted by: Patrick Mulhern
Minister of Finance announced their plans on changing how borrowers qualify. Please take a look at their excerpt below. ... [read more]
Bank of Canada rate announcement schedule
January 13, 2016 | Posted by: Patrick Mulhern
... [read more]
New down payment rules start Feb 15th.
January 11, 2016 | Posted by: Patrick Mulhern
... [read more]
April National Housing stats
May 5, 2015 | Posted by: Patrick Mulhern
Bank of Canada Interest Rate March 4, 2015 0.75% April 15, 2015 0.75% May 27, 2015 Next meeting date Source: Bank of Canada Bank ... [read more]
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