TIPS AND GUIDES

OSFI’s internal e-mails, obtained by Tom Kmiec, show the regulator is trying to correct the stress test for mortgage loans. Specifically, the correction is targeting

Even before the advent of the now infamous Covid-19 pandemic, money-watchers were finding a potentially disturbing phenomenon in Canada. The numbers clearly indicated that households

Although the high unemployment rate and economic uncertainty are still present in our lives during the pandemic, Canadians have shown a strong consumer confidence rebound

Big banks in Canada are calling for reform to the industry’s mortgage stress test due to the uncertainty of the COVID-19 pandemic. As of now,

Currently, in Canada the home buyers market has some diverse news, potentially positive, or negative, depending on where you fall in the spectrum of mortgage

Canadian mortgage deferrals have outnumbered ones in the United States by about double. Canadians have gotten a much better deal when it comes to getting

The coronavirus has had a pretty big impact on Canadian households and the housing market in general. The first quarter is when the market was

With pandemic measures still in place, you may not be able to visit your favorite restaurant, but some of your fellow Canadians are shopping for

Since the advent of the worldwide Covid-19 pandemic and its insidious effect on the world’s economy, mortgage payment deferral has been the norm all across

So-called “readvanceable” mortgage holders should utilize this opportunity of low interest rates to bring the cost down through HELOC prepayments. By making prepayments now, often