Mortgage Blog

Canada's Mortgage Experts

Canada remains AAA in the face of Covid-19: DBRS

Canada remains AAA in the face of Covid-19: DBRS

March 30, 2020 | Posted by: Aaron Baxandall

A strong balance sheet provides capacity to absorb a large negative shock James Langton March 27, 2020 Despite the negative effects of the Covid-19 outbreak on Canada's growth outlook, and the federa ...

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Pattie Lovett-Reid: Need to defer mortgage payments? Know the costs first

Pattie Lovett-Reid: Need to defer mortgage payments? Know the costs first

March 25, 2020 | Posted by: Aaron Baxandall

By Pattie Lovett-Reid Chief Financial Commentator, CTV A word of caution before you defer your mortgage payments amid the COVID-19 pandemic: it will cost you in the long run. Remember, a deferr ...

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Coronavirus Will Change How We Shop, Travel and Work for Years

Coronavirus Will Change How We Shop, Travel and Work for Years

March 17, 2020 | Posted by: Aaron Baxandall

Enda Curran Bloomberg Every economic shock leaves a legacy. The deadly coronavirus will be no different. The great depression spurred a 'waste not want not' attitude that defined consumer patterns f ...

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Bank of Canada cuts interest rate by 50 points to 1.25 per cent

Bank of Canada cuts interest rate by 50 points to 1.25 per cent

March 5, 2020 | Posted by: Aaron Baxandall

Jessy Bains Yahoo Finance Canada March 4, 2020 The Bank of Canada cut its key benchmark interest rate by 50 basis points Wednesday morning over concerns about what the coronavirus could do to the eco ...

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Mortgage stress test relief could boost what's expected to be tepid growth for Canada's banks

Mortgage stress test relief could boost what's expected to be tepid growth for Canada's banks

March 3, 2020 | Posted by: Aaron Baxandall

First quarter earnings kick off Friday following the sector's worst year for growth since the financial crisis Reuters Nichola Saminather February 20, 2020 TORONTO — Canadian banks are set to ...

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Reverse mortgages are cheaper than ever. Should you use one to tap into your home's equity?

Reverse mortgages are cheaper than ever. Should you use one to tap into your home's equity?

February 28, 2020 | Posted by: Aaron Baxandall

By David Aston Tues., Feb. 25, 2020   If you're a cash-strapped retiree with lots of equity in your home, you're probably wondering how you might turn soaring housing prices to your advantage w ...

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Ottawa changing stress test rate for insured mortgages starting April 6

Ottawa changing stress test rate for insured mortgages starting April 6

February 20, 2020 | Posted by: Aaron Baxandall

The Canadian PressFebruary 18, 2020 OTTAWA — The federal government is changing the stress test rate for insured mortgages starting April 6 that experts say should make it marginally easier for ...

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Why Canada's Consumers And Businesses Are Going Broke During 'Good' Times

Why Canada's Consumers And Businesses Are Going Broke During 'Good' Times

February 13, 2020 | Posted by: Aaron Baxandall

Ordinarily, these types of insolvencies happen during an economic crisis, not during boom times. By Daniel Tencer MONTREAL ? Canada's economy put in a strong showing in 2019, but it wasn't enough t ...

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Survey finds Canadians are concerned about qualifying for a mortgage

Survey finds Canadians are concerned about qualifying for a mortgage

February 10, 2020 | Posted by: Aaron Baxandall

Advisors can help allay client concerns IE Staff January 10, 2020 If your client is shopping for a home or has homeownership as a goal, they might be worrying about the mortgage process. An Ipsos s ...

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Why worries about the coronavirus are pushing mortgage rates down

Why worries about the coronavirus are pushing mortgage rates down

January 30, 2020 | Posted by: Aaron Baxandall

Fear has pushed investors to buy up bonds, which is causing cheaper borrowing for home buyers Pete Evans · CBC News ·  Jan 29, 2020 Economists are busy trying to calculate the pot ...

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