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My Mortgage Blog — Latest Posts
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...
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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...
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Do you know all the costs of buying a home?
Before you take possession of your new home, you need to consider any and all additional costs of obtaining your mortgage - closing costs.. Home inspection...
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Use these saving tips to become mortgage free!
Good news! It only takes small changes for you to become mortgage free and save thousands of dollars in interest. In December, Mortgage Professionals Canada released its annual state of the housing...
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