Browsing Month »March, 2010«

Mortgage Rates – going up up up!

March 30, 2010

As I’m sure that you’ve heard by now, Canadian mortgage rates are on their way up. The whole team has been working in a frenzy to get our clients’ transactions put together and submitted in time for tonight’s FINAL deadline of midnight (MST) to be able to get clients 3.69% as a 5-year fixed-rate mortgage. [...]

MORE proposed changes to mortgage qualifying by CMHC

March 9, 2010

From the desk of Todd Fralic, current AMBA president: As many of you are aware, CMHC announced 3 pending changes today: 1. The qualifying rate to be used for variable rate mortgages, or terms shorter than 5 years will be a standard benchmark rate published by the Bank of Canada. In essence this is the [...]

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