Mortgages has become harder to obtain – how to find alternatives to the rules It’s a lot harder to get the feds to back your mortgage than it was a few months ago. Effective July 1st, 2020, the Canada Mortgage and Housing Corporation (CMHC) has reduced borrowing limits, demanded higher credit scores, […]
mortgage rates
Mortgage rates moving up despite Bank of Canada slashed bank rate to 0.25%
Mortgage rates moving up despite Bank of Canada slashed bank rate to 0.25% Canada’s mortgage rates are moving up. But Bank of Canada decreased the bank rate to currently 0.25% to fight COVID-19 pandemic. “Thе соѕtѕ оf fundѕ for bаnkѕ is ѕkуrосkеtіng and bank еаrnіngѕ аrе plunging,” Shеrrу Cooper, сhіеf есоnоmіѕt at […]
Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly
Vancouver’s Housing Market is Gloomy – Yet Unaffordable For Household Incomes Of $120,000 Yearly The housing numbers out of Vancouver, once among the world’s hottest real estate markets, are getting more dismal with each passing month. Sales in April, 2019 were the lowest in 24 years for a month that typically kicks […]
Canadian mortgage rates decreases to the lowest level in 2 years
Canadian mortgage rates decreases to the lowest level in 2 years House prices may be as high as ever in Toronto in June, 2019, but Toronto homebuyers are being offered some of the lowest mortgage rates seen in 2 years as lenders battle to drum up new business. Rates on a standard […]
