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Bank of Canada Raises Rate by 50bpts

Bank of Canada Raises Rate by 50bpts

As expected, the Bank of Canada has raised its key lending rate by 50 basis points, bringing it to 1.50%. This will increase the prime...

House Price Growth to Moderate but Remain Elevated this Year, Says CMHC

House Price Growth to Moderate but Remain Elevated this Year, Says CMHC

Despite rising interest rates, Canada’s national housing agency says it expects the pace of growth for both home sales and prices to...

If the Benchmark Rate is the Same, Why is it Harder to Qualify?

If the Benchmark Rate is the Same, Why is it Harder to Qualify?

In 2016 when the Government mortgage stress test rate was introduced, the rules around it were to qualify under the HIGHER of: 1) The...

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