Multi-Prets Mortgage broker

02/28/2020

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12/05/2018

BoC Maintains Rates -

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

02/20/2018

Self-employment & mortgages in many cases are like oil and water the two hardly mix as the government has put in place strict rules about who can qualify for a mortgage and who can not. In Canada and in Quebec in particular self-employment is on the rise and as such business owners are finding it…

10/31/2017

Bank of Canada maintains the benchmark rate this was the announcement to come out of Ottawa last week. This news came on the heels of the latest mortgage rule changes that are about to hit the mortgage market in 2018. You can read more about that here Along with the rate announcement, the BoC releas...

04/28/2017

Is the Mortgage market collapsing in Canada? This is the question on everyone’s mind this week. If you have been following our blogs you will know that in Early October of 2016 I ran a blog called The Day After . In that blog post, I looked at the major implications that would be caused by…

04/18/2017

visit us online at www.northeastmortgages.ca

Highly trained Montreal based mortgage brokers servicing all of Quebec and some parts of Canada. Access to over 20 financial institutions.

01/18/2017

CMHC has raised premiums for insured and traditional mortgages by as much as 55.6% This is teh third such increase in under 3 years. Read the full story....

CMHC raises premiums again. Effective March 17th The Canadian Mortgage and Housing Corporation will be significantly raising rates. The media and CMHC can sugar coat it all they want. The increase will hit Canadians and Monoline lenders hard. The new rates will see premiums jump to unprecedented val...

12/07/2016

Bank of Canada Maintains Overnight Rate

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Economic data suggest that global economic conditions have strengthened, as the Bank anticipated in its Oct...

10/07/2016

Over the last few days we have been covering news stories pertaining to the new mortgage rule changes that are being put in place. I am not one to run screaming that the sky is falling, but if you live long enough you get to see history repeat its self. In a recent interview with…

10/06/2016

Officially today a petition has been launched requesting that the Finance Department of Canada revisit is recent mortgage rule changes. The petition reads and I quote as follows “KEEP COMPETITION IN THE CANADIAN MORTGAGE MARKET Keep Competition in the Canadian Mortgage Market We are asking the Depar...

04/29/2015

New Blog Post

Terry Kilakos and his team are highly trained mortgage brokers servicing all of Quebec and some parts of Canada. North East Mortgages' portfolio of...