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Tag Archives: interest rates
Today’s Daunting Duo
The combination of high interest rates AND the mortgage stress test can make it challenging to qualify for mortgage financing. What Is the Mortgage Stress Test? The Canadian Government designed the mortgage stress test to protect borrowers in case interest … Continue reading
Feeling Squeezed?
Prepare Yourself: “We Are Not There Yet” Tiff Macklem, Governor of the Bank of Canada told the Senate committee on banking, commerce and the economy “This tightening phase will draw to a close. We are getting closer, but we are … Continue reading
Posted in General, Mortgage Rates
Tagged inflation, interest rates, mortgage financing
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Three Ways to Maximize Your Mortgage Financing Potential
2022 will be remembered for its highly competitive housing market. Buyers need an edge. Those looking to renew their mortgage can reduce the mortgage approval limiting impact of the stress test – AND get further ahead with their mortgage financing … Continue reading
Changes in our Economic Landscape: What Does It Mean For You?
Inflation and rapidly rising interest rates have cooled off the real estate market. Supply and demand has shifted. You’ve probably noticed more “for sale” signs in your neighbourhood. I know I have. That means the inventory of homes for sale … Continue reading
The Incredibly Shrinking Variable Discount
Fixed or variable? Fixed or variable? Everyone wants to feel as though they had made the best choice when deciding between a fixed or variable rate mortgage. In this economy however, there is no right or wrong answer. All the … Continue reading
Posted in Mortgage Rates
Tagged 5 year fixed mortgages, Bank of Canada, basis points, Canadian Mortgage Trends, choosing fixed or variable, discounted variables, fixed rate mortgages, interest rates, lenders, mortgage rates, posted rates, prime, prime minus, prime plus, prime rate, rate studies, save money on fixed rate mortgage, save money on variable rate mortgages, spread between fixed and variable rates, terms, variable rate mortgages
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