April 12, 2021 Last updated on April 12, 2021Categories Monday Morning Mortgage Rate UpdatesThe Stress-Test Rate Used for Uninsured Mortgages Is About to RiseLast week we learned that our banking regulator (OSFI) will increase the stress-test rate for uninsured mortgages on June 1. This post offers my take.
June 8, 2020 Last updated on June 8, 2020Categories Monday Morning Mortgage Rate UpdatesHow CMHC’s Surprise Announcement May Help in the EndLast week CMHC announced that it would tighten its underwriting rules for mortgage-default insurance. Today's post outlines the changes and finds a silver lining.
September 30, 2019 Last updated on December 15, 2019Categories Monday Morning Mortgage Rate Updates Mortgage Rule ChangesFive Changes to Help Canada’s Housing Affordability CrisisIn today’s post I turn my attention to a key issue for voters in our upcoming federal election: housing affordability.