March 21, 2022
Today’s post explains why the most recent round of fixed-rate mortgage hikes will impact the market in new and significant ways.
Posts from the ‘stress-test rate’ Tag
December 20, 2021
Normally the news quiets down as we head into the holidays, but last week was packed with important updates for anyone keeping an eye on mortgage rates.
May 25, 2021
Here are links to some of my most popular recent posts.
April 12, 2021
Last 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.
May 25, 2020
Last week, CMHC CEO Evan Siddall floated the idea of increasing the minimum down payment required to purchase a residential property from 5% to 10%. Here is my take.
February 10, 2020
Last week TD Bank lowered its posted five-year rate to 4.99%. TD’s move by itself isn’t enough to drop the stress-test rate. Other Big Six banks will need to follow. That’s where this gets interesting.