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“Mortgage”

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- Canadian households should start to see a lower trend for the debt service ratio in 2020 according to a new report from TD Economics. Economists have been looking back over 2019 and made predictions for the new year and note that interest...

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- The mortgage stress test, extended to uninsured mortgages in January 2018, has generated a diversity of opinions. Its proponents argue that the stress test has introduced financial discipline while not hurting prospective homebuyers. The...

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- Year to Date Sale Numbers up 14% We hope that you have been enjoying your summer. After a tough start weather wise Canmore and Banff are enjoying long warm days, perfect for all your mountain adventures. 2019 has continued to be very...

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- Slightly reducing down payments and saving surplus cash in a reserve account could mean lower mortgage defaults according to a recent study. The JPMorgan Chase Institute found that when borrowers have less than three months’ mortgage...

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- Photo Credit: Tierra Mallorca - www.tierra-mallorca.com Click here for full article: Ottawa to Help First Time Buyers Lower Mortgage Payments A new federal program designed to help middle class families get on the housing ladder is...

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- Should You Break Your Fixed-Rate Mortgage Contract? Are you thinking about breaking your fixed-rate mortgage? While traditionally considered a financial faux-pas, many Canadians choose to break their fixed-rate mortgage when they find...

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Mortgage Rates
- Biggest bank cuts benchmark rate by 15 basis points Canada's biggest bank has cut its five-year fixed-term mortgage rate, a move that other banks are likely to try to match in short order. Royal Bank edged the rate on its five-year...

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- If keeping your various loans, lines of credit, bank accounts and a mortgage in order is becoming a herculean task, some Canadian financial institutions are touting a simple solution. So-called all-in-one mortgages, sometimes referred to...

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- Canadian real estate leverage has been an increasing concern, and it it’s growing. Filings from Office of the Superintendent of Financial Institutions (OSFI), the federal regulator for banks, show that loans secured by real estate showed...

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Stress Test
- Don’t Fool Yourself, Canadian Banks Are The Real Winners By Stress Testing Mortgages The Canadian real estate market is freaking out about stress testing new buyers. There’s a lot written on the impact on new buyers, but no one’s...

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