Read Time: 3 Minutes Political Mortgage Reform - What’s Really Happening? The federal government has made major changes to Canada's mortgage policies. This has sparked much debate in the real estate and financial markets. These reforms aim to improve housing affordability and [...]
Read Time: 4.5 Minutes Understanding the Impact of Bank of Canada Interest Rate Announcements After the Bank of Canada rate cut in June, I got many calls from clients. They wanted to understand the impact on their mortgage and finances. Another announcement [...]
Read Time: 2.5 Minutes Interest Rate Cut, Now What? Understanding the Bank of Canada’s recent interest rate cut is crucial. We must grasp how this decision impacts the housing market and mortgage rates. A rate cut is a big financial move. But [...]
Read Time: 3 Minutes GTA Housing Prices: Condos vs Houses Today, let’s talk about the housing market in the Greater Toronto Area (GTA). We'll look at the two different paths prices are taking for condos and single-family homes. It's important to understand [...]
Read Time: 3 Minutes New Housing Plan: Are the Liberals Pandering for Votes, or Proposing Real Change? Next year is an election. Our federal government faces a growing issue of housing affordability across the country. Enter some housing policy reform. Finance Minister [...]
3 Insights Influencing Mortgage Rate Declines In 2024 We’re coming up on 2 years of mortgage rate hikes in Canada, and in this issue I will explain what factors influence rates and why I believe rates will be coming down in 2024 Understanding [...]
Navigating Ontario's Q3 Housing Market: A Buyer’s Guide to Golden Opportunities Welcome back to Marshall's Mortgage Blog. If you've been sitting on the fence about diving into the Ontario housing market, you're in luck! The third quarter of 2023 has rolled out some intriguing [...]
Economic Update: Bank of Canada overnight rate rises to 1.5% The Bank of Canada has raised its policy rate three times in 2022, to 1.5 per cent today from a pandemic low starting in March of 2020 of 0.25 per cent. Bank of Canada [...]
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 [...]
Recent mortgage rule changes There had been speculation that the government would act to cool the hot housing market, but the industry saw only modest measures in the April 19 federal budget. A national annual tax on foreign-owned properties that are left vacant or [...]
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