Tag Archives: Tracy Irwin

Hello? Is Anyone Listening to Home Owners?

Voice Your Concerns with “Tell Your MP” As consumers, we often feel that our voices are not heard.  It has been more than six months since federal Finance Minister Bill Morneau announced significant new rules for mortgage insurance and eligibility … Continue reading

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Is Home Ownership Still Within Reach?

New Mortgage Rules? Last week, we saw the beginning of the hearings in Ottawa on the new mortgage rules. The Mortgage Centre worked long and hard on a written submission to the Standing Committee on Finance and Tracy wants to … Continue reading

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Will You Pass the Mortgage Rate Stress Test?

A doctor may prescribe a stress test to safeguard your health by monitoring breathing, blood pressure and heart rhythm. The Department of Finance is prescribing one to protect the financial security of Canadians and support the long-term stability of the … Continue reading

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Banks Feel the Heat from Regulated Lenders!

The Globe and Mail Got it Wrong! Three weeks ago, while we were all enjoying the hot and humid days of summer, The Globe and Mail reported that “unregulated lenders” now own a 15% share of Canada’s mortgage market, according … Continue reading

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Does Size Really Matter?

The January 12 announcement of the acquisition of Mortgage Architects by DLC Group of Companies – which includes The Mortgage Centre – prompts the question, “will this acquisition really make a difference for consumers looking to finance, renew or refinance … Continue reading

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Will Justin Liberally Apply “Real Change” to the Housing Market?

The new Liberal government says, “We will make it easier for Canadians to find an affordable place to call home.” Today, one in four Canadian households is paying more than it can afford for housing, and one in eight cannot find … Continue reading

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Suite Income: New CMHC Rule Allows 100% of Rental Income for Mortgage Qualification

September 28, 2015 is the date that Canada Mortgage and Housing Corporation (CMHC) will start allowing 100% of rental incomes from legal secondary suites to be used when qualifying for a mortgage.  Currently CMHC allows 50%. The move is meant … Continue reading

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Conventional Mortgage versus Collateral Mortgage

Do you know the difference? Many people don’t know the difference between a conventional and a collateral mortgage. Why? Because most of the time the information is buried in the fine print of a detailed agreement. That despite the fact … Continue reading

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And the winner is…

Drum roll please! The winner of the WIN a $200 Gift Card from Best Buy or Future Shop contest just for subscribing to Tracy Irwin’s blog is: Julie M. Congratulations!

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Win a $200 Gift Card – Confirm your email subscription today!

Confirm your subscription DON’T MISS OUT ON RECEIVING OUR EMAILS! On July 1, 2014 Canada implemented new laws that regulate how we can communicate electronically with our customers. In order for us to comply with the legislation we need to … Continue reading

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