Choosing an Open or Closed Mortgage

Choosing an Open or Closed Mortgage

For new home buyers, the variety of mortgage types and nuances of each can be bewildering. Choosing the right type of mortgage can impact your payments in the short term. It can also impact your future finances by adding or saving thousands of dollars in interest over...
The New Mortgage Stress Test is here!

The New Mortgage Stress Test is here!

As of June 1, 2021, changes to Canada’s mortgage approval criteria have taken effect. The updated “Stress Test” is an effort by government regulators to cool a super-hot housing market by making it more difficult for homebuyers to qualify for a mortgage. The...
Predicting 2021 Mortgage Rates

Predicting 2021 Mortgage Rates

If 2020 has taught us anything, it’s that things don’t always turn out the way we may expect. Making predictions for 2021 mortgage rates in the middle of a pandemic may be unwise due to the surprising twists and turns we have faced as a collective thus far, but I’ll...