by Penelope Graham | Dec 5, 2016 | Featured, News
As of Nov. 30, Canada’s banks – big and small – have been subjected to new rules impacting the insurance of their bulk mortgage portfolios. Lenders must now apply the same restrictions for high-ratio mortgages to the entirety of their insured mortgage books,...
by Martin Rumack | Nov 29, 2016 | Featured, News
The federal government recently announced a significant change concerning guidelines for borrowers of high-ratio mortgages – a borrower who has a deposit of less than 20 per cent of the purchase price of a home. Borrowers requiring mortgage default insurance must now...
by Richard Robbins | Oct 27, 2016 | Advice for Agents, Featured
What do the changes mean and how will they impact the Canadian real estate market? Here’s how it will affect you as a real estate agent and my opinion on this matter. Be sure to also check out the following links for more information: Ottawa to tighten mortgage rules,...
by Matt Maurer | Sep 14, 2016 | Featured, News
The Ontario Court of Appeal has ruled that a provision of the Mortgages Act, which allows lenders to set aside tenancy agreements for the purpose of taking possession of real property, does not conflict with the Residential Tenancies Act, 2006 (RTA) and can be used by...
