Archive for: October 2016

Mortgage qualification changes…How do the changes affect you?

Filed under: Mortgage - 31 Oct 2016


New housing policies are coming into effect and leaving many Canadians unclear about how their finances have been affected.

This material will focus primarily on Low Ratio Mortgage Loans – mortgages with 20% or more equity or down
payment. Outlined below is …

Ottawa will continue to monitor housing market: Finance Minister Bill Morneau

Filed under: Mortgage - 31 Oct 2016

THINK OUTSIDE THE BOX:  Federal Finance Minister Bill Morneau says Ottawa will continue to act to make sure that an increase in interest rates or a downturn in home prices don’t risk the country’s economic growth….

3 people you need to get a mortgage

Filed under: Mortgage - 24 Oct 2016

THINK OUTSIDE THE BOX:  The following are the 3 key people that are integral to a successful mortgage process… unless of course you can give yourself the financing needed.

When you want to get a mortgage, you can’t do it by yourself. …

Now boarding: International air travel to Alberta is taking off

Filed under: Mortgage - 19 Oct 2016

THINK OUTSIDE THE BOX:  Tourism is doing its part to help diversify our economy.

Albertans who have been through either of the province’s two major international airports have noticed the massive expansions over the last few years. All of that construction work …

Association goes to bat for the industry

Filed under: Mortgage - 17 Oct 2016

THINK OUTSIDE THE BOX:  The new rules will have a profound impact on reducing competition in the mortgage market and raising mortgage costs for borrowers.

CMBA has spoken directly to Finance Minister Bill Morneau and has provided its recommended amendments and …

CMHC insured mortgage changes

Filed under: Mortgage - 05 Oct 2016

THINK OUTSIDE THE BOX:  With this move, the Federal Government has chosen to offset a modest risk to the taxpayer by severely eroding affordability for low equity home buyers, particularly first time home buyers.

The Federal Government announced significant changes to …

Is This the Last Nail in the Coffin?

Filed under: Mortgage - 04 Oct 2016

THINK OUTSIDE THE BOX:  Your home purchasing power just got lower for an insured mortgage.  For example, if your household income is $100,000, based on new rule #1 (current Bank of Canada qualifying rate is 4.64% compared to 5 year …

Trudeau government to close foreign-buyers loophole

Filed under: Mortgage - 03 Oct 2016

THINK OUTSIDE THE BOX:  What new measures will be put in place to combat offshore speculation?

Finance Minister Bill Morneau will unveil Monday new measures aimed at slowing the flood of foreign money pouring into overheated housing markets like Vancouver and …