by REM Editorial Team | Jun 24, 2024 | News
The Bank of Canada (BoC)’s recent 25 basis point drop that lowered its key overnight lending rate to 4.75 per cent sparks the questions of if and when other rate drops will follow, and what the financial impact will be on the average five-year variable mortgage...
by Susan Doran | Mar 26, 2024 | News
If you’ve wondered how the Bank of Mom and Dad is faring in these dodgy economic times, rest assured it’s more popular than ever. Recognizing that it’s harder to buy a home now than when they were young, in recent years Canadian parents have passed billions of dollars...
by REM Editorial Team | Nov 28, 2023 | News
To help mortgage brokers make the best recommendations for your clients and further protect them, the Mortgage Broker Regulators’ Council of Canada (MBRCC), as part of its 2023-2026 strategic plan, is publishing its Principles for Mortgage Product Suitability...
by REM Editorial Team | Oct 26, 2023 | News
Since March of last year, the Bank of Canada has raised interest rates an unprecedented nine times. Not only that, but the rates themselves have swung from historic lows to a 20-year high. Resulting monthly expenses have been just too steep for many mortgage holders....
