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…
Read more
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…
Read more
For Shawn Allen (pictured), cryptocurrency and blockchain technology represents the future of the mortgage industry – and he’s determined that Matrix Mortgage will be at the forefront of it. The company’s founder and principal owner told Mortgage Broker News that blockchain and decentralized finance were set to “take the whole industry by storm” as Matrix [&hellip…
Read more
