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Category: Financial Updates (5 posts)

Update to Mortgage Deferrals

Update to Mortgage Deferrals

May 21, 2020 | Posted by: Tania Campfield

Now that more people are familiar with mortgage derferrals please see the latest interview done by Tony Bell at Remax Lifestyles on what you could possilby expect with your deferral.  Also discus ... [read more]

COVID-19 UPDATES AND WHAT HOMEOWNERS NEED TO KNOW

COVID-19 UPDATES AND WHAT HOMEOWNERS NEED TO KNOW

March 25, 2020 | Posted by: Tania Campfield

Many changes are happening daily as we all try to navigate through these uncertain times. Rumours of lenders allowing and not allowing mortgage deferrals, who does it and who doesn't is leaving p ... [read more]

COVID-19 Mortgage Relief

COVID-19 Mortgage Relief

March 18, 2020 | Posted by: Tania Campfield

Canada's six largest banks announced plans to provide financial relief to thier clients that may be impacted by the economic consequences of COVID-19. For those who qualify, you may be eligible for ... [read more]

Finance Minister Announces changes to the Stress Test

Finance Minister Announces changes to the Stress Test

February 18, 2020 | Posted by: Tania Campfield

Today, Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages also commonly know as the dreaded 'Stress Test'.&n ... [read more]

Canada's Key Interest Rate Holds Steady

Canada's Key Interest Rate Holds Steady

September 5, 2019 | Posted by: Tania Campfield

Key Interest Rate Holds Steady  While persistent trade tensions are affecting global economic momentum, the Bank of Canada announced today that it is keeping its benchmark rate unchanged. While ... [read more]

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