CMHC to Increase Mortgage Insurance Premiums OTTAWA, January 17, 2017 — CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. “We do not expect the higher premiums to have a […]

‘We do it because our jobs are at stake’: TD bank employees admit to breaking the law for fear of being fired – Business – CBC News ‘We do it because our jobs are at stake’: TD bank employees admit to breaking the law for fear of being fired Hundreds of current and former employees […]

Great insight from our colleague Pam Pinkert,   What Does It Actually Mean To Co-sign For a Mortgage? – Dominion Lending Centres 3 Feb 2017 What Does It Actually Mean To Co-sign For a Mortgage? There seems to be some confusion about what it actually means to co-sign on a mortgage and you know that […]

20 Jan 2017 Summary of the New Mortgage Market There have been a lot of changes in the mortgage market over the past few months so many Canadian’s plans regarding homeownership may have shifted quite a bit from last year. First, new qualification rules came to pass in October where even though actual contract rates […]

CMHC to Increase Mortgage Insurance Premiums OTTAWA, January 17, 2017 — CMHC is increasing its homeowner mortgage loan insurance premiums effective March 17, 2017. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. “We do not expect the higher premiums to have a significant […]

9 Jan 2017 How Your Credit Score Affects Your Purchase Price Your Credit Score that the lenders use, not to be mistaken by the Credit Risk Score you see when you check your own credit, is one aspect of determining your borrowing power. The better your score, the length of established credit and your payment […]

From: Economics, TD Sent: Tuesday, July 26, 2016 10:50 AM Subject: Data Release: B.C. Makes Changes To Housing Legislation (July 2016)   TD Economics Data Release: B.C. Takes the Plunge on Taxing Foreign Real Estate Investors   On July 25th, the B.C. government introduced a four-pronged plan to help improve housing affordability.    First, as of […]

Mortgage prepayment penalties are among the top five most complained about banking issues. The annual report from the Ombudsman for Banking Services and Investments reveals that there were 278 complaints filed in 2015, up 21 per cent from the previous year. Fraud and account collections were the top two, mortgage prepayment penalties were third with […]

Ontario won’t expand the municipal land transfer tax beyond Toronto’s borders RepublishReprint Ashley Csanady | December 1, 2015 | Last Updated: Dec 1 9:10 PM ETMore from Ashley Csanady | @AshleyCsanady Postmedia FilesOntario won’t be allowing municipalities outside Toronto to levy a new land transfer tax on home sales. After weeks of dithering, the Ontario government […]

Ontario won’t expand the municipal land transfer tax beyond Toronto’s borders RepublishReprint Ashley Csanady | December 1, 2015 | Last Updated: Dec 1 9:10 PM ETMore from Ashley Csanady | @AshleyCsanady Postmedia FilesOntario won’t be allowing municipalities outside Toronto to levy a new land transfer tax on home sales. After weeks of dithering, the Ontario government […]