Mortgage Blog
Mortgage It Right!
Category: Mortgage Trends & Rates
Changes to the Stress Test and What You Need to Know
July 19, 2021 | Posted by: Kelleway Mortgage Architects
As you may have heard, the Bank of Canada recently changed the stress test rules as of June 1, 2021. With these changes, now both insured and uninsured mortgage borrowers will be subject to a ...
read more
The Benefit of Rate Holds
May 13, 2021 | Posted by: Kelleway Mortgage Architects
The term “rate hold” may be something you are familiar with if you have worked with me in the past. If not, it is a term that all prospective buyers should know! A rate hold is of ...
read more
The Rate Today
June 5, 2020 | Posted by: Kelleway Mortgage Architects
Current Bank of Canada Qualifying Rate: 4.94% In order to find out how the current rate impacts Canadian consumers, we must first identify insured and uninsured borrowers. Do you have LESS ...
read more
Lock-In or Stay Variable?
April 9, 2020 | Posted by: Kelleway Mortgage Architects
Whether you already have a mortgage or are looking to get your first mortgage amid COVID-19, there are some things you should know regarding fixed and variable rate mortgages during this time. If y ...
read more
No News is Good News
January 24, 2020 | Posted by: Kelleway Mortgage Architects
On January 22, 2020, the Bank of Canada (BoC) announced that the overnight rate will be held at 1.75%, same as before.The BoC is also projecting that the Canadian economy will grow by 0.4% to arrive a ...
read more
The Mortgage Default Rate
August 20, 2019 | Posted by: Kelleway Mortgage Architects
There has been a lot of talk about the growing debt in the personal finances of everyday Canadians. And to some extent, it may be true. No doubt, many consumers have gotten used to throwing ...
read more
Homebuyers to Get New Mortgage Incentive, Home Buyers Plan Boost Under 2019 Budget
April 19, 2019 | Posted by: Kelleway Mortgage Architects
Can’t afford to buy a house? The government may take on part of the cost. That is the gist of the boldest proposal that Budget 2019 puts forth to help more middle-income Can ...
read more
Tempered Rate Hike Forecasts for 2019
January 24, 2019 | Posted by: Kelleway Mortgage Architects
Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now. ...
read more
Mortgage Rules Change for the Self-Employed
August 15, 2018 | Posted by: Kelleway Mortgage Architects
It’s About To Get Easier To Qualify For A Mortgage For These 15% Of Canadians After the new mortgage stress test came into effect in January 2018, this year has had more than its ...
read more
Bank of Canada Banckmark Rates Rise
July 12, 2018 | Posted by: Kelleway Mortgage Architects
MORTGAGE NEWS BANK OF CANADA BENCHMARK RATE RISES Despite international trade tensions, The Bank of Canada (BoC), as of Wednesday, July 11, 2018, raised the benchmark interest rate. This is th ...
read more
A Moderate Housing Market Most Likely Over The Next Two Years
December 8, 2017 | Posted by: Kelleway Mortgage Architects
A Moderate Housing Market Most Likely Over The Next Two Years The Canada Mortgage and Housing Corporation’s (CMHC) 2018 Housing Market Outlook showed that housing markets in t ...
read more
Genworth Canada publishes an Infographic on Canadian Mortgage Patterns
April 16, 2016 | Posted by: Kelleway Mortgage Architects
2014-04-16 - 10:03:40How do you compare with other Canadians with regard to home ownership and your financial well-being?Check this out... 2014-04-16_Genworth_Infographic_-_MortgagePatterns.pdf (Ple ...
read more
Time to Lock-in that Variable Rate?
December 4, 2015 | Posted by: Kelleway Mortgage Architects
In October 2015, some mortgage lenders reduced their discounts on currently offered variable rate mortgages, (e.g., P-0.6% became P-0.4%). When that happens, those ...
read more
Mortgage Interest Rates have Dropped, and now they’re Stabilizing
April 20, 2015 | Posted by: Kelleway Mortgage Architects
Yes, it is pleasant to get distracted by the pink snow of cherry blossoms (at least in Metro Vancouver) and lulled by the twitter of real birds. However, Spring is also a strategic time to thi ...
read more
New Cut to Bank Rate - Got Questions? Call me.
January 21, 2015 | Posted by: Kelleway Mortgage Architects
“The overnight rate, which moves down to 0.75 per cent, had been at one per cent since September 2010. The cut will result in lower interest rates for variable rate mortgages, lines of credit ...
read moreBlog Categories
- Main Blog Page
- Alt-A Lending Options (1)
- Announcements (17)
- Builder's Lien Removal (1)
- Community Relations (1)
- COVID-19 and Mortgage Deferral (8)
- Credit & Debt (14)
- Down Payment (2)
- Education and Courses (4)
- Financial Intelligence (13)
- Foreclosures (1)
- Fun Tips (42)
- Home Improvement (2)
- Legal Considerations (2)
- Line of Credit (LOC) (1)
- Mortgage Lenders (2)
- Mortgage Renewals (9)
- Mortgage Trends & Rates (15)
- Mortgage Types (10)
- Moving to Next Home (7)
- My Mortgage Planner App (4)
- Price per Square Foot (1)
- Prize Draw (35)
- Property Types (10)
- Purchase + Improvement (8)
- Qualifying for a Mortgage (13)
- Real Estate Contracts (2)
- Real Estate Market (10)
- Real Estate Taxes (7)
- Recipes & Serena's Tasty Tidbits (4)
- Relocation into Canada (1)
- Selling Your Home (2)
Blog Archives
- September 2021 (4)
- July 2021 (6)
- June 2021 (6)
- May 2021 (4)
- April 2021 (4)
- March 2021 (5)
- February 2021 (4)
- January 2021 (5)
- December 2020 (6)
- November 2020 (4)
- October 2020 (5)
- September 2020 (3)
- August 2020 (2)
- July 2020 (3)
- June 2020 (5)
- May 2020 (3)
- April 2020 (6)
- March 2020 (10)
- February 2020 (5)
- January 2020 (8)
- December 2019 (4)
- November 2019 (6)
- October 2019 (6)
- September 2019 (3)
- August 2019 (4)
- July 2019 (5)
- June 2019 (3)
- May 2019 (5)
- April 2019 (5)
- March 2019 (5)
- February 2019 (8)
- January 2019 (8)
- December 2018 (4)
- November 2018 (7)
- October 2018 (7)
- September 2018 (5)
- August 2018 (5)
- July 2018 (6)
- June 2018 (4)
- May 2018 (4)
- April 2018 (1)
- December 2017 (1)
- February 2017 (2)
- October 2016 (4)
- September 2016 (1)
- August 2016 (6)
- June 2016 (5)
- April 2016 (1)
- March 2016 (4)
- December 2015 (3)
- November 2015 (1)
- June 2015 (5)
- April 2015 (5)
- January 2015 (2)
- December 2014 (1)
- October 2014 (3)
- July 2014 (4)
- April 2014 (1)
- October 2011 (1)
