The 5-year government bond yield is up 30 basis points this month, based on yesterday’s close. That’s a fair sized jump in eight days. When yields do that and remain...
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09Mar
Insured Stated Income Programs Tighten Up
Filed Under: Mortgage Regulations by: Robert McLister
CMHC has felt for a while that too many people apply for stated income mortgages that shouldn’t. Therefore, effective April 9, CMHC is adding more restrictions to its Self-Employed stated...
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Take all the high-ratio borrowers with above-average debt ratios and funnel them into 5-year fixed terms. That’s what the government has done with its new posted qualifying rate. The instinctive...
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06Mar
Posted Is The New Qualifying Rate!
Filed Under: Government Related, Mortgage Regulations by: Robert McLister
Effective April 19, all high-ratio insured mortgages that have a variable rate or a fixed term under five years will be qualified using the greater of: the chartered bank 5-year...
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Fixed mortgage rates should tick higher next week--barring any economic surprises. That’s because Canada’s 5-year government bond yield is up 18 basis points today, the most in almost five months....
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04Mar
Circa at Markham Town Centre- Diamond Collection Prices Updated
Filed Under: Uncategorized by: tridel.com
Diamond Collection prices updated on the Circa website.
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04Mar
Federal Budget Mortgage Initiatives
Filed Under: Government Related, Mortgage Regulations by: Melanie & Robert McLister
The federal budget has just been announced. Below are some of the implications for the mortgage market: Pre-payment Penalties: The government will “bring forward regulations” to standardize the calculation and...
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03Mar
New Mortgage Rules: The Impact
Filed Under: Mortgage Broker News by: Melanie & Robert McLister
CIBC economist, Ben Tal, predicts mortgage volumes will fall due to the Finance Department’s new mortgage rules. Here are his estimates of how overall mortgage originations will be affected: New...
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02Mar
BMOs Drops The Gauntlet With Their 5-Year Fixed Mortgage
Filed Under: New Mortgage Products by: Melanie & Robert McLister
It’s rare to see a big bank undercut its mortgage competitors so publicly. Most of the time they do it stealthily with “discretionary rates” that are only offered to the...
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02Mar
Grand Triomphe- Yonge & Finch- New Floor Plan Online
Filed Under: Uncategorized by: tridel.com
Three bedroom with den terraced suite has been added to the Grand Triomphe website.
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