Bank of Canada Prepared to Raise Interest Rates âForcefullyâ
The goal of the BoC is to ensure that they can control the high inflation in the country, and this is currently their top priority.
Is It Better to Get a High Ratio Mortgage?
When making a down payment of less than 20% of the house price, you will receive a high ratio mortgage since your LTV is more than 80%
CMHC: Supply is the Biggest Issue Affecting Housing Affordability
According to CMHC, supply is the biggest issue affecting housing affordability because new housing projects have struggled to match population
What Documents are Required to Qualify for a Mortgage?
Being prepared in advance for a mortgage is always beneficial because the mortgage process is document intensive and requires time.
Alternative Lenders Have The Flexibility to Offer âPeople-Firstâ Solutions
Mortgage professionals are realizing the uncertainty and the unpredictability of the mortgage industry when faced with unknown circumstances.
Is Canadaâs Borrowing Landscape Set For a Dramatic Change?
The mortgage landscape of Canada will be changing in the coming months because of the BoC increasing the benchmark rates.
Understanding Your Mortgage Rate
By knowing the factors affecting your interest rate, you will have a better understanding of the mortgage rates available to you.
