Mortgage Blog
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Category: Financial Updates (6 posts)
Dec 9-2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program
December 9, 2020 | Posted by: Roar Solutions
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. ...
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Update to Mortgage Deferrals
May 21, 2020 | Posted by: Tania Kalinich
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 ...
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COVID-19 UPDATES AND WHAT HOMEOWNERS NEED TO KNOW
March 25, 2020 | Posted by: Tania Kalinich
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 ...
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COVID-19 Mortgage Relief
March 18, 2020 | Posted by: Tania Kalinich
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 ...
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Finance Minister Announces changes to the Stress Test
February 18, 2020 | Posted by: Tania Kalinich
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 ...
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Canada's Key Interest Rate Holds Steady
September 5, 2019 | Posted by: Tania Kalinich
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 ...
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