A Pre-Approval Does Not Guarantee a Mortgage Approval
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…
Homebuyers to Face More Stringent Mortgage Stress Test After June 1
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…
The State of the Residential Mortgage Market: 2021
Despite the headwinds of a global pandemic, Canadians’ interest in real estate and the resulting rise in prices took even the most seasoned experts by surprise. This, of course, had…