Blog

Tuesday

23

JULY

2019

Winnipeg Mortgage Brokers Explain the Stress Test Rate Drop

The interest rate used in Canada’s mortgage stress tests has fallen for the first time since 2016, making it slightly easier to become a homeowner.


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Friday

18

NOVEMBER

2016

When will rates go up?

“When will rates go up?” has been a question on the minds of Canadian homebuyers for many years.  With each month that goes by, it becomes something more frequently voiced, especially considering the historically low interest rates of the past few years.  No one in the mortgage industry has a crystal ball, but...

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Monday

2

FEBRUARY

2015

How the BoC overnight rate cut affects homeowners

The Bank of Canada recently announced a cut to the overnight rate from 1% down to .75%. This can be seen as a proactive approach to protect the Canadian economy from the potential risks due to lower oil prices.

Here’s what this cut to the overnight rate might mean to you...

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