Mama C's Mortgages

03/02/2024

Not really gonna miss this program, it was of little assistance on our marketplace.

The government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program later this month.

08/02/2023

Canada's population boom poses challenges for the housing market, which may face a shortfall of 500k units by 2025 if record immigration continues

07/27/2023

Buying vs renting makes sense almost everywhere except here! 🙄

A new study has found the cost of renting vs. buying comparable housing in select Canadian markets is nearly on par.

07/12/2023

Another bump by the Bank of Canada

The policy rate is now at its highest level for more than 22 years

07/13/2022

The central bank's rate increase is even higher than had been widely anticipated

06/16/2022

Attention all variable rate clients!
Please take a minute and listen to Dustan. It's all in the math.

Life is variable, your mortgage should be too

05/10/2022

As interest rates climb, variable mortgage rate holders may start to panic. Here’s why you should avoid the temptation of going fixed right now.

12/17/2021

As part of its annual review of the stress test for uninsured mortgages, the Office of the Superintendent of Financial Institutions today confirmed the minimum qualifying rate will remain at 5.25%. That means borrowers making a down payment of 20% or more will need to prove they can afford payments....

05/22/2021

As expected both insured and uninsured mortgages will be qualified at the increased stress test of 5.25 come June 1.

The qualifying rate for residential mortgages with a down payment of 20 per cent or more will rise to the contracted rate plus 200 basis or 5.25 per cent, whichever is higher.

05/08/2021

One important financial decision for homebuyers is deciding on a fixed rate mortgage or a variable rate mortgage. Learn the differences and the benefits.