Let's chat: 778-986-4032
|
My Mortgage Blog — Latest Posts
Jonathan Buffone || March 15, 2019
The Canadian economy and the housing market
We are living in strange times, economically speaking. Mortgage stress tests have slowed the housing market and may be one of the reasons the Bank of Canada has signaled it may pause on increasing...
Read More
Jonathan Buffone || December 06, 2018
The Upside of Alternative and/or Unregulated Lenders
A recent report from the Bank of Canada reviewed the impact of the government's policy changes on the mortgage market. It found that overall market activity had slowed -- something we knew would...
Read More
Jonathan Buffone || October 17, 2017
New Mortgage Rules - Consumers Lose 20% Buying Power
It’s official, OSFI (Office of the Superintendent of Financial Institutions) has released their new mortgage regulations that will take effect as of Jan 1, 2018. What are the New Rules? The primary...
Read More
Jonathan Buffone || October 13, 2017
Debt-to-Income Ratio and Equifax Breach
For every $1 of household disposable income, Canadians have $1.68 in debt. You earn $1, you owe $1.68 – your debt-to-income ratio is 168%. It seems like a fairly startling figure, especially the way...
Read More