Tag Archives: mortgage term

Stricter Debt Ratio Standards on the Way

For the past few years, we’ve all been talking about the changes to amortization periods and how that affects housing affordability. Now, CMHC has issued new guidelines for calculating debt service ratios. Stricter Debt Ratio Standards on the Way.

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Canada’s Bond Yield increasing – mortgage rates may increase as well

Historically, Bond Rates and Fixed Mortgage Rates have fluctuated in relation to each other.Canada’s Bond Rates have climbed in the past few days. As a result, some lenders are increasing their interest rates. Interest Rates are still at a historical … Continue reading

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OSFI Considering Mortgage Amortization Changes

Here we go again. Just as we’re setting into our spring market, an announcement from the Office of the Superintendent of Financial Institutions Canada, verifies that they may be looking at changes to amortization rules yet again, tightening the rules … Continue reading

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Ten questions to help you avoid mortgage penalty shock

Here’s a list of 10 questions that The Globe and Mail assembled to help you understand the nuances of Payout Penalties. BMO’s Mortgage Prepayment Calculator. ING’s Mortgage Prepayment Calculator. CIBC’s Mortgage Prepayment Calculator. HSBC’s Mortgage Prepayment Information page. National Bank … Continue reading

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Tips For Canadian First-Time Home Buyers

Since 2008 the Canadian Finance Ministry has tightened up the rules for government-backed mortgages 4 times. The most recent change in July 2012 hurt Canadian first-time home buyers the most because it made it harder to qualify for financing. Use … Continue reading

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5 Year Fixed at 2.99% – Variable rates at Prime minus 0.35%

With the drastic changes caused by our new mortgage rules, some lenders are offering deeply discounted rates, such as this New 5 Year Fixed Rate Being Offered for 2.99%.

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XCEEDs Super Prime Mortgage of 2.84% for Clients With Premium Credit

“Good” credit and “excellent” credit generally get you about the same mortgage rate, until now.

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Mortgage Rules Changed

Taking effect July 9, 2012, we Canadians will experience the 4th round of amortization rules in as many years.

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