Borrowers are often surprised to learn that qualifying for a variable-rate mortgage is harder than qualifying for a fixed-rate mortgage, even though the variable rate is lower. To find out why, check out today's post.
When the federal government recently announced changes to CMHC's rules for high-ratio mortgage insurance, most of my colleagues voiced strong opposition. I respectfully disagree with their assessments, and in today's post I tell you why.
Today’s post looks more deeply into our rising debt levels and offers my best guess at the next round of mortgage rule changes that may be coming as a result.