The great Canadian OPD scam

Close your eyes for a moment and lets imagine you have a major life incident and you end up in financial trouble and there is no way you can repay what you owe.  You consult expert advice and they tell you that you can either enter into big, bad bankruptcy or you can...

This is a quick one this week.  As we discussed a couple of weeks ago, I noted that we have experienced a great deal of increased purchasing and optimism from our investor clients, especially in the Calgary area.  This morning RBC released their August Canada wide...
Proposed Mortgage Approval Changes

Proposed Mortgage Approval Changes

On Thursday July 6, the Office of the Superintendent of Financial Institutions, proposed that all uninsured mortgages (mortgages with a down payment of 20% or more) will have to be qualified for using the market qualifying rate (MQR) at 4.64 percent — almost two...