Qualifying rate

Before granting you a mortgage, a lender will determine whether or not you can afford the loan amount you’ve requested.

Here are some of the stories that caught our eye this week: New high-tech waterfront community set to come to Toronto This week, Waterfront Toronto officially announced it’ll be partnering with Sidewalk Labs, a Google sister … Read More

Here are some of the stories that caught our eye this week:

Interest rates have continued to drop since our last Mortgage Monday Update.  As lending companies and financial institutions fight to keep the market share, interest rates remain competitive, particularly with the Canadian banks.  Four of the … Read More

Capital Economics made the news last week for their controversial and bleak prediction on the future housing market, which asserted Canadian house prices could fall by 25% in the next few years. The stated principal cause … Read More

On the heels of recent reports that Canadian consumer debt is at an all-time high – surpassing US levels for the first time ever, and exceeding $1 trillion overall – financial regulators are warning tighter mortgage … Read More