MORTGAGE RATES are going up!!!!! It is in the news, it's water cooler talk, there are concerned mortgage holders, and in my industry it is the talk of the town.… Read it »
The Bank of Canada today reduced the Benchmark Qualifying Rate (aka Stress Test Rate) to 4.94%, down from 5.04%, effective May 25, 2020. For more information you can visit the… Read it »
Mortgage Deferral Resources for Canadians During the Covid-19 Outbreak: Please note that information about mortgage payment deferrals is changing rapidly and we will update this post as new information becomes… Read it »
Latest update, additional resources - March 26, 2020: Government of Canada - Canada's Response to COVID-19 Government of Alberta - support for employers and employees re: Covid-19 Government of Saskatchewan… Read it »
Qualifying Rate Change First Foundation Mortgages has just received word that the Bank of Canada 5-year Benchmark Qualifying Rate will go down by 25 basis points effective July 22, 2019.… Read it »
Bank of Canada Overnight Rate Holds Steady - January 2019 As many analysts have been saying, including myself, and much smarter people than me, like Martin Pelletier, have written, the… Read it »