Mortgage Blog

Category: Industry updates (15 posts)

Proposal to increase the stress test rate

April 8, 2021 | Posted by: Patrick Mulhern

Bank regulator proposes higher mortgage stress test level, making it harder to qualify for home loan OSFI was considering changes in early 2020 before shelving them during COVID-19 Pete Evan ... [read more]

COVID 19- Tax Update

September 15, 2020 | Posted by: Patrick Mulhern

August 29, 2020 COVID-19 Tax Update: CRA to commence audits of CEWS, CERB, and CESB payments to detect non-compliance and fraud Published by Jennifer Flood from Thorsteinssons LLP. The CRA is expe ... [read more]

Stress test rate decreases & industry news

August 13, 2020 | Posted by: Patrick Mulhern

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When is refinancing a good or bad idea

June 19, 2020 | Posted by: Patrick Mulhern

When Is Mortgage Refinancing a Bad Idea? Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it ... [read more]

Mortgage deferrals and ten more timely tips

April 30, 2020 | Posted by: Patrick Mulhern

Mortgage deferrals and ten more timely tips I hope you and your family are enjoying good health and finding some measure of happiness in this strange spring. Certainly, many Canadians are f ... [read more]

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]