15 06, 2021

New stress test for all mortgages now in effect

By |2023-12-21T02:02:02+00:00June 15th, 2021|Categories: Mortgage & Housing Market Updates|Comments Off on New stress test for all mortgages now in effect

New stress test for all mortgages now in effect The Department of Finance has announced that insured mortgages will have the same stress test that OSFI recently introduced for uninsured mortgages. The stress test for both will be the greater of the borrower’s mortgage [...]

5 06, 2021

Fixed or Variable in 2021?

By |2023-12-21T02:00:02+00:00June 5th, 2021|Categories: Mortgage Strategy|Comments Off on Fixed or Variable in 2021?

Fixed or Variable??? This spring we’re seeing aggressive pricing for variable rate mortgages, while fixed mortgage rates continue to be at historically low levels. Which is best for today’s uncertain environment? First, a refresher on the differences. With a fixed-rate mortgage, you’ll know with [...]