Stress Test

Stress Test

Canadians getting, renewing or refinancing a mortgage are forced to undergo a stress test. They must prove they can afford their payments if interest rates rise. The stress test uses a rate substantially higher than your actual mortgage rate.  Federal guidelines...

Rental Market Update

This is a Rental Market update for the upcoming year.  Canadian landlords will increase rents in 2019.  Strong demand for rental housing continues due to high home prices and tighter mortgage lending rules.  Therefore, average rents nationally will rise 6% with Ottawa...

Facts and Warnings

Know the facts and heed the warnings. The Bank of Canada has made no secret of its intention to raise the benchmark rate through 2019. That could expose many households to vulnerabilities.  Higher rates will put a squeeze on highly-indebted households. These...
Wondering why?

Wondering why?

Are you wondering why you may be paying a higher rate on your mortgage than your twenty-something co-worker being a first time homebuyer?  Simply stated, the Canadian government and the Chartered banks have decided to support and reward home buyers with less...