Ottawa Plans Major Reforms in Mortgage Policies: What You Need to Know
On Friday, October 21st, 2016 The Globe and Mail posted an article on the Liberals’ new plan for a deductible for mortgage insurance premiums. Tamsin McMahon, David Berman, and Tim Kiladze, The Globe and Mail – Ottawa has unveiled plans to introduce a deductible into Canada’s taxpayer-back mortgage insurance system, a move that could force the […]
New Mortgage Rules To Reinforce Soft Landing In Canadian Housing
On Friday, October 20th, 2016 TD Economics issued a special report on the new mortgage rules and what they mean for our housing market. TD Economics Highlights • Earlier this month the Canadian government announced a new set of mortgage regulations and tax measures aimed at ensuring the health and stability of the Canadian housing […]
Liberal Government’s New Housing Rules: What It Means for Canadians
The keys to home ownership in Canada are now harder to reach than ever. Meanwhile, the keys to the Canadian mortgage Market have just been handed to the Big 6 Canadian banks. Yesterday Bill Morneau, Canada’s new Minister of Finance, introduced a slew of mortgage rule changes aimed at slowing down the Canadian housing market […]
Navigating the New Mortgage Rules
Canada’s new mortgage rules are designed to make it harder for you to qualify for the mortgage you have right now and they are being introduced on January 1st, 2018. The new rules will affect at least 15% of Canadians. Whether you are looking to borrow more money against your home or simply want to […]
4 Reasons Mortgage Renewals in Canada Now Cost More and Offer Fewer Choices
Actions taken by the Canadian banks and the Canadian government will make renewing your mortgage more costly than ever before. Homeowners looking to access the equity in their homes will discover that new underwriting guidelines now limit their ability to borrow regardless of how much equity they have in their homes. Today’s newsletter will focus […]
Here is the exact Penalties in your Mortgage
If you have a fixed rate mortgage, you may be able to get a better interest rate or even acquire additional funding by breaking your mortgage. Unfortunately, you will have to go through your disgruntled lender and the subsequent prepayment penalty. The penalty protects lenders against losses and usually represents the profit the lender was […]
Interest Rates Held Steady: How It Affects New and Existing Mortgages
The Market Response: Government of Canada Bond Yields immediately dropped by 5% in the wake of the announcement. The Loonie, on the other hand rose slightly, while a further dip was likely had there been a rate hike. Oil wasn’t noticeably affected by the announcement, but overall the markets certainly approved. What the Federal Reserve […]
Canadian Mortgage Rates: The Global Influence You Need to Know
The global economy is intricately connected, and geopolitical events can send shockwaves across financial markets, influencing various sectors. One such area that may be significantly affected is the real estate market, particularly mortgage rates. In this blog, we’ll explore the potential impact of events in Libya and rising oil prices on Canadian mortgage rates. Geopolitical […]
Marcus Tzaferis discusses Mortgage rates drop on CBC: The National
Marcus Tzaferis on CBC News Aug 15, 2013 Marcus dicusses interest rates on CP24 Marcus discusses the effects of the New Mortgage Rules on CP24 Marcus on CBC The National Explains the New Mortgage Rules Phil Edwards Gives his reaction to Mortgage Rule Changes Marcus Tzaferis discusses Mortgage rates drop on CBC: The National
How to get a lower Mortgage Rate this Spring | Marcus Tzaferis discusses Mortgage Rates Drop on CBC: The National
Mortgage rates in Canada are set to drop again with BMO leading the charge with their new 2.99% 5 year fixed rate. Why is this happening and what does the future hold. To hear Marcus Tzaferis talk about these new rate drops live on CBC click here. Mortgages in Canada are priced in accordance with where […]
