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Key Things to Know About Latest Mortgage Stress Test

Tuesday Apr 17th, 2018

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On 1st January 2018, new and tighter mortgage regulations are released out. Now, it is the time to put light on what this is for you people. Before, October of the year 2016 government deployed latest mortgage rules, which are most commonly called ‘stress tests’. These stress tests required for each and every insured mortgage to be given approvals by the posted and set of rate 4.46 percent by the Bank of Canada. Now, it is being introduced for the un-insured mortgages and which is... [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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