Feds Declare New Mortgage Charter, $15 Billion In Funding For Housing Construction At a Glance The Canadian government has announced new measures to address the country’s housing crisis, including $15bn in funding for 10-year loans for new rental builds and $1bn for affordable housing construction. The rental funding is expected to spur the construction of … Read more
Breaking Mortgage News & RBC-HSBC Deal At a Glance Mortgage providers in Canada have been reducing fixed mortgage rates in response to a sharp decline in bond yields. Over a dozen national mortgage providers have dropped their rates by 10 to 30 basis points, with most rate changes concentrated in the 3- to 5-year terms. … Read more
What is the Mortgage Stress Test in Canada? Today, I am going to talk about what is the mortgage stress test in Canada. What is the Mortgage Stress Test in Canada? The federal government has put in place a mortgage stress test in Canada in an effort to help Canadians manage debt loads. The result … Read more