Canada’s Big Banks Bring Mortgage Lending to a Standstill
Despite a strong economy and relatively low mortgage rates, the idea of home ownership is slipping away. That’s because strict lending rules and a lack of innovation from Canada’s big banks …
Tag Archives: mortgages
Canada’s Mortgage Stress Test Derailed 40,000 Home Purchases in 2018
Homeownership is slipping out of reach for more and more Canadian homebuyers. And the reason is simple. The new mortgage stress test. At the start of 2018, the Federal government implemented a new stress test to ensure home buyers could …
Mortgage Company of Canada supports Special Olympics of Ontario
Mortgage Company of Canada Supports Special Olympics of Ontario.
Toronto Police welcomes all to Law Enforcement Torch Run for Special Olympics 1pm Jun14/2018 40 College St. We're honoured to receive donations from BMO, RBC Capital Markets, CIBC, Forman Manufacturing Inc & Mortgage Company of Canada totalling +$40,000...
The GTA is a Great Choice for Young Couples
The GTA is one of Canada’s most thriving and populous communities. With over 6 million residents, it attracts people of all ages and from all walks of life. Historically, young couples have flocked to the area; finding attractive amenities, a large inventory of properties and space...
Newcomers are Driving the Economy
With the recent events in North America and abroad, Canada has opened its doors to a wave of immigrants seeking a safer home and opportunity. As newcomers settle in cities like Toronto and Vancouver, they are having a prominent effect on the economy, which in turn,...
Why is Real Estate as an Investment Class Often Overlooked?
It’s no surprise that, along with the best chance at returns, investors want as little risk as possible. The common investment strategy is to hand the keys to a trained professional, hoping that through shrewd maneuvering and market knowledge, their hard-earned money can grow.
Still, too many...
Understanding Loan-to-Value Ratio
You’ve probably heard the term loan-to-value ratio (LTV) from a mortgage specialist or maybe even a bank employee. It’s a risk assessment tool and the idea behind it is simple: it measures...