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My Mortgage Blog — Latest Posts
Economic brief: OSFI increases capital buffer requirement for Canadian banks
Canada's banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced an increase in the capital buffer requirement for the country's largest...
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Reverse Mortgages for 55 Plus
A reverse mortgage is a financial product that allows homeowners aged 55 or older to convert a portion of their home equity into tax-free cash without having to sell their home or make regular...
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Canada reaches 40 Million population
Canada, the second-largest country in the world by land area, has reached a significant milestone in its history. The population of Canada has now surpassed the 40 million mark, marking a momentous...
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Mortgage interest now one of the biggest drivers of inflation
In a twist of irony, the Bank of Canada’s interest rate hikes—meant to slow the economy and bring down inflation—are now one of the leading upward contributors to inflation. Mortgage interest...
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