Mortgage Blog

MORTGAGE UPDATE: NEW OFSI REGULATION FOR TRANSFER SWITCHES NO STRESS TEST

October 1, 2024 | Posted by: Gurbinder Sandhu

New OFSI Regulations: No Stress Test on Mortgage TransfersThe Office of the Superintendent of Financial Institutions (OFSI) has recently announced a significant update to mortgage regulations that wil ...

Canada’s Inflation Update: What It Means for Interest Rates Ahead of the October 23rd Announcement

September 22, 2024 | Posted by: Gurbinder Sandhu

Canada’s Inflation Update: What It Means for Interest Rates Ahead of the October 23rd AnnouncementAs we approach the Bank of Canada’s next interest rate announcement on October 23rd, ...

New CMHC Regulations: What to Know About Insured Purchases Up to $1.5 Million and 30-Year Amortization

September 19, 2024 | Posted by: Gurbinder Sandhu

New CMHC Regulations: What to Know About Insured Purchases Up to $1.5 Million and 30-Year AmortizationThe Canadian Mortgage and Housing Corporation (CMHC) has recently introduced new regulations ...

With Lower Interest Rates, Is Now a Good Time to Refinance My Mortgage?

September 6, 2024 | Posted by: Gurbinder Sandhu

With interest rates dropping, many homeowners ask the same question: Is now the right time to refinance my mortgage?* The simple answer? It could be! But as with most financial decisions, a few factor ...

Sept 4th, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.25%

September 4, 2024 | Posted by: Gurbinder Sandhu

The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. ...

How Lower Interest Rates Could Benefit Canadian Homeowners: Is Now the Time to Refinance?

August 23, 2024 | Posted by: Gurbinder Sandhu

As a Canadian homeowner, you're probably hearing a lot of buzz about falling interest rates. You might be wondering, "Is this the right time to refinance my mortgage?" The short answer is, it could be ...

What are Alternative Mortgage Lenders?

August 8, 2024 | Posted by: Gurbinder Sandhu

In the dynamic world of real estate, securing a mortgage can often be daunting, especially for individuals with unique financial situations. This is where alternative mortgage lenders come into play ...

July 7, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.5%

July 24, 2024 | Posted by: Gurbinder Sandhu

The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. ...

7 Financial Tips for People Looking to Buy an Investment Property in Canada

July 19, 2024 | Posted by: Gurbinder Sandhu

Investing in real estate can be a powerful way to build wealth, but it's essential to approach it with a well-thought-out strategy. Here are seven financial tips to help you purchase an investment pro ...

7 Things to Know When You Are Looking to Purchase a Cottage or Vacation Home

July 8, 2024 | Posted by: Gurbinder Sandhu

Purchasing a cottage or vacation home can be an exciting venture, offering a perfect getaway from the hustle and bustle of city life. However, it's essential to approach this purchase with careful con ...

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