February 19, 2020

Changes will be coming to how the mortgage stress test is applied to insured and potentially insurable mortgages on April 6th, 2020.  Currently, all mortgages are subjected to a stress test where applicants must be able to afford the monthly payments of a mortgage wit...

November 5, 2018

On Wednesday, October 24th, 2018 the Bank of Canada increased its Overnight Target Rate by 0.25%. With this increased cost affecting Big Banks, the big banks themselves have decided to in turn raise their prime lending rates by 0.25%

This means the prime lending rate wi...

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October 29, 2019

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