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New Lending Rules in Canada

Tuesday Dec 12th, 2017

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Buying a condo in Canada has been easier in the past due to the lenient lending rules in Canada. The housing market of Canada is fast and the government has been trying to slow down this market. This time, there are some major changes being introduced by the banking regulator of Canada, OSFI, which will be implemented from 1st January 2018. Fears of the Government of Canada: The changes are due to the housing market situation in the country. the government has been taking into... [read more]

Trends of Canadian Mortgage Rates in 2017- Expert Views

Monday Apr 03rd, 2017

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Bond yields are not going to fluctuate, so there is no rise expected in fixed rates. However, as money lenders and banks will now adjust pricing to live up to new regulations announced on 1st of Jan, 2017, many borrowers will end up paying extra for their next mortgage. During the last month, yields were retracted partially. Mortgage rates also accompanied bonds higher, but partially. Therefore, unless there is a drop in bond yields, there is no scope for the mortgage rate to increase even a... [read more]

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