by Boris Mahovac | Blog, Market, Mortgages, Refinancing
The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. [Variable rate mortgages are immediately affected as chartered banks and other lenders raised their...
by Boris Mahovac | Blog, Financial Advice, Mortgages
With the new Office of the Superintendent of Financial Institutions stress test rules firmly in place since January, Canadian home buyers have learned they need to arm themselves with practical information on how they can ensure they are “stress-test ready”....
by Boris Mahovac | Blog, Mortgages, Refinancing
OTTAWA – October 17, 2017. Today the Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 − Residential Mortgage Underwriting Practices and Procedures. The revised Guideline, which comes into effect...
by Boris Mahovac | Blog, Video Tips
Have you ever wondered if the way you habitually think is helping or hindering you in creating wealth and prosperity? Well, recent studies indicate that we can actually unwittingly sabotage our ability to achieve financial security. Here are 5 wealth-repelling...
by Boris Mahovac | Blog, Video Tips
Choosing the best mortgage from all the available lenders out there can be complicated. There are so many terms, features, restrictions and potential penalties to keep in mind. But at least mortgage rates are easy to compare: all you have to do is choose the lowest...
