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There is a new story about another change that is being made by CMHC with the primary aim of cooling the mortgage market. What they are going to do is cap government guarantees of securitized mortgages. You may be wondering how this affects you. Allow me to explain.

Well…the sky is falling. Rates have gone up with many lenders by about 0.5% over the past week due to increases in the bond market yields. We do still have rates as low as 2.99% at the moment, but I believe its quite possible those will increase at any time.

If you have been reading my website for a while, you know that I have said the market would heat up again and in the spring it gets busier. It has been my opinion that the market has been continuously slowed by more difficult mortgage qualifying rules and that there is always an adjustment period…

Amidst all the doom and gloom about the real estate mortgage in Vancouver comes a story that puts it all into perspective. I was visiting my father last week, and he couldn’t wait to show me an article in Macleans magazine talking about the major property value crash coming up. I read it quickly, it…

We do have a special for 2.74% for 5 years. There are certain restrictions and conditions to it, so contact me for more information and to apply. And as per my title, unlike the other Canadian mortgage lenders who federal Finance Minister Jim Flaherty calls to tell them to increase their rates and they oblige,…