Phi Luu - Mortgage Agent

06/25/2022

https://www.canadianmortgagetrends.com/2022/06/how-the-mortgage-stress-test-is-impacting-qualification-amounts/

As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%, making their stress test a full 2% highe...

06/11/2022

Buying a home with tenants has legal ramifications and practical implications. Here is everything you need to know.

05/14/2022

https://www.thestar.com/business/2022/05/12/canadian-bank-regulator-hints-it-could-change-mortgage-stress-test-rules-before-years-end.html

This Office of the Superintendent of Financial Institutions could make “adjustments” to its mortgage qualifying rate before the end of the year. Brokers say that makes sense in a cooling market.

04/14/2022

https://www.canadianmortgagetrends.com/2022/04/variable-mortgage-rates-to-rise-as-prime-rate-jumps-to-3-20/

Variable-rate mortgage holders are about to see their interest costs rise again after Canada's Big 5 banks announced a 50-basis-point hike to prime rate on Wednesday.

04/08/2022

https://www.narcity.com/toronto/heres-what-toronto-homebuyers-could-expect-in-the-next-5-years-with-housing-market

Things may be looking up! 🤩

04/06/2022

https://www.canadianmortgagetrends.com/2022/04/10-reasons-why-homebuyers-may-not-qualify-for-the-best-rates/

As mortgage brokers, we know that homebuyers are sometimes disappointed when they can't qualify for the best rates. They inevitably always come back with one burning question: why?

03/23/2022

Buying intentions shift back to pre-pandemic levels, RBC poll finds

03/23/2022

What’s the tipping point when interest rate increases start to hurt?

03/23/2022

Over the last few years, investors have played a significant role in the housing boom that has taken place in the Canadian real estate market, especially in the major markets such as Toronto and Vancouver. Late last year, there was a lot of buzz when it was reported that more than one-quarter of

03/23/2022

Calagry's real estate market has caught fire and one reason is because of investor attention from unaffordable Toronto and Vancouver.

03/23/2022

All eyes have been on the Bank of Canada’s rate tightening and its impact on variable mortgages, but now there are fresh concerns given the flurry of recent increases to 5-year fixed mortgage rates.