Mortgage Stress Test Changes – What You Need To Know

New Mortgage Stress Test Rules February 20, 2020 This coming April, the government will change the rules that cover mortgage lending. These changes should make it easier to qualify for a loan to buy a home. As of April 6, the so-called “stress test” for mortgages will be calculated in a new way. The …

Bank of Canada Holds Rates Again December 4, 2019 – The Bank of Canada kept its key interest rate on hold where it has been for more than a year as ongoing trade conflicts and related uncertainty continue to be a pressure on the global economy. The central bank’s overnight rate target has been …

The Federal Liberal government, in their latest budget before that was released in March, introduced new First-Time Home Buyer Incentives, but didn’t have many details of the program. Well, newly released details have these incentives scheduled to take effect in September 2019.  The new $1.25-billion program will allow new first-time home buyers to apply …

RBC Offering Great Mortgage Rates April 9, 2019 Well, it finally looks like spring has sprung in the Okanagan and we hope that you are getting outside to take advantage of the beautiful weather. Now it’s your turn to take advantage of some great mortgage rates offered by the big banks! All signs are …