Does the BoC announcement spell …

The latest Bank of Canad…

A Pre-Approval Does Not Guarante…

Many Canadians are under…

Is cryptocurrency the future of …

For Shawn Allen (pic…

Bank of Canada on the commercial…

Despite some lingeri…

Homebuyers to Face More Stringen…

Canada’s banking regulat…

aDiamondMortgage – The Differenc…

One lucky aDiamondMortga…

The State of the Residential Mor…

Despite the headwinds of…

Canadian Real Estate: Home Compl…

The Canadian real estate…

Canada home prices rising at fas…

Newly built Canadian hom…

How British Columbia's housing d…

Soaring sales activity i…

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Daily Archives: 2021-05-01

Does the BoC announcement spell trouble for variable rates?

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The latest Bank of Canada announcement on its key overnight rate was viewed by many as signalling bad news for variable rate mortgages. While restating its commitment to keeping the rate at the lower bound of 0.25%, the Bank revised its inflation target, forecasting that it would be sustainable by the second half of 2022 [&hellip…

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A Pre-Approval Does Not Guarantee a Mortgage Approval

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Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms and review the documentation before you [&hellip…

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