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My Mortgage Blog — Latest Posts
CMHC Mortgage Cap Raised to $1.5M, 30-Year Amortizations Expanded
The federal government today announced some sweeping changes to Canada's mortgage system in an effort to improve housing affordability and access. One of the key changes...
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Effect of new CMHC rules for Firt time Home Buyer
The difference between a 30-year amortization and a 25-year amortization can significantly impact what first-time homebuyers qualify for in terms of their mortgage.30-Year Amortization: Spreads...
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Why check with a Mortgage Broker before signing Mortgage renewal ?
Here’s why it’s a good idea to check with a mortgage broker like Dave Oliver from TMG before signing your mortgage renewal:1. Access to Better RatesMortgage brokers have access to multiple lenders and...
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Bank of Canada cuts policy rate to 4.25%
The Bank of Canada has dropped its policy rate to 4.25%, cutting it by 25 basis points this morning. This marks the third consecutive rate reduction by the central bank this year,...
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