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  • Canadians do not shop around for best mortgage rate

    Canadians were least interested in finding the best mortgage rate, according to a survey. As a home buyer, would you readily accept the mortgage rate offered by the bank? Would you actively seek better offers? Turns out, half of the … (read more)

  • emergency fund

    Do we need an emergency fund?

    Finance experts have been telling the general public for decades that everyone needs an emergency fund to be able to save successfully and feel a bit more financial security. However, not all financial gurus are fond of this idea. We … (read more)

  • stress test

    New OSFI stress test for uninsured mortgages

    New stress test will affect borrowers with down payments of 20 per cent and over Today is the big day – Canada’s main banking regulator just released the much anticipated final version of Guideline B-20. The revised guideline contains descriptions … (read more)

  • toronto real estate

    Housing market cooling down

    The real estate market in the GTA is in the process of slowing down after a period of peak activity. Experts predict that the trend will not change until the end of the year. What does the housing market cooling … (read more)

  • rate increase

    Next rate increase will be affected by trade.

    The Bank of Canada is watching fluctuations in CAD dollar, brought on by international trade talks. Bank representatives mentioned that growing Canadian dollar has brought on the interest rate increase. The Canadian economy is strong and growing stronger, however, concerns … (read more)

  • interest rate increase

    Bank of Canada rate hike

    Bank of Canada introduced new interest rate increase Big news hit the market on Wednesday morning. Bank of Canada revealed an interest rate increase, its target overnight rate rose to 1 per cent. Canada’s biggest banks will in turn raise … (read more)

  • Stress test impact on Canadians

    What does stress test really mean for Canadian home buyers? Mortgage Professionals Canada have recently released a study meant to estimate the usefulness, – or harm, of stress test policy. MPC looked at the percentage of home buyers whose buying … (read more)

  • interest rate increase

    Interest rates are about to increase

    Bank of Canada dropping hints about the approaching interest rate increase. Canadians have enjoyed incredibly low interest rates for many years in a row, and grew accustomed to this state of events. However, it looks like interest rates will not … (read more)

  • air_bnb_toronto

    New rules target short term rentals

    The City officials announced proposed changes to Toronto short term rentals market, including Air Bnb. A new proposal came out, targeting Toronto’s short term rental market, including properties rented on Air Bnb. Toronto mayor John Tory claimed that new rules … (read more)

  • canadian-mortgage-increase

    Canadians can’t withstand increases in mortgage payments

    Most Canadian home owners would not make it through a 10% increase in mortgage payments   Manulife recently performed a survey, which found that many Canadian home owners are barely making their mortgage payments. The bank surveyed 2,098 home owners 20 … (read more)