There is no doubt about it. COVID-19 is impacting the market. What does this mean for mortgages? Lower Rates! Fixed and variable rates are dropping. This is a great time to renew or refinance. If you’re in a mortgage with a much higher rate, it might be worth breaking your current mortgage. Contact us to …
Mortgage Broker News ~ February 18th, 2020 Minister of Finance Bill Morneau has announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages. Instead of the Bank of Canada 5-Year Benchmark Posted Rate, the new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage …
Globe and Mail ~ December 29th, 2019 Canada’s mortgage market turned heads in 2019. From the plunge in interest rates, to the late-year surge in mortgage growth to the growing influence of online discount mortgage lenders, it was a year of milestones. Looking ahead, 2020 is guaranteed to have its own twists. These are five …
Predictions for Canada’s mortgage market in 2020 Read More »
