by Boris Mahovac | Market, Mortgages
The following is an excerpt from the VERICO Economic Report written by Michael Campbell What did we get for the government’s efforts to slow the market? So what does a new trade agreement between Canada, the US and Mexico mean for Canadians? In a nutshell, higher...
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 | Mortgages
TD Bank first, then National Bank and Royal Bank of Canada, then CIBC and finally Bank of Montreal, have raised their benchmark mortgage rates for 5-year fixed-rate mortgages. On April 25, TD Bank increased its posted rate for five-year fixed mortgages to 5.59 per...
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 | Free Resources, Mortgages
The Canadian Mortgage Calculator App featured by Apple as the #1 personal finance app in Canada with over 7,026 ratings. Are you a home buyer? Canadian Mortgage Calculator App supports you all the way from early planning, like finding out what you can afford, how much...
by Boris Mahovac | Mortgages, Refinancing
These new mortgage rules have been introduced by OSFI (Government agency know as the Office of the Superintendent of Financial Institutions), they regulate banks. From what I have been reading there are mixed messages coming out regarding these new rules, however we...
