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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Category Archives: Purchase & Down Payment

Purchase & Down Payment Information

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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Is cryptocurrency the future of the mortgage industry?

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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…

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Homebuyers to Face More Stringent Mortgage Stress Test After June 1

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Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) unveiled its proposed changes on Thursday, which would require borrowers applying for uninsured mortgages—typically those with more than a 20% down payment—to qualify at their mortgage contract rate plus two [&hellip…

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