Starting November 21, 2024, homeowners renewing their mortgages with a new lender will no longer need to pass the mortgage stress test. Previously, this test required homeowners to qualify for…
Last month, the government announced significant mortgage reforms, offering some relief and new opportunities for homebuyers. Starting December 15, 2024, two major changes will take effect:1) 30-year amortization will be…
The Canadian economy is weakening, and that's why interest rates are being lowered. While this may be good news for homeowners hoping for a break on their variable-rate mortgage payments,…