As of November 21, 2024, the Office of the Superintendent of Financial Institutions (OSFI) has eliminated the mortgage stress test requirement for uninsured mortgage switches in Canada. This significant policy… Read it »
As we approach the end of 2024, understanding Canada’s mortgage landscape is essential for anyone navigating the housing market or holding a mortgage. The latest Residential Mortgage Industry Report highlights… Read it »
When it comes to mortgages, terms like "prime rate," "bank rate," and "fixed rate" can feel confusing. Knowing what these rates mean and how they’re set can help you understand… Read it »
