Vern Bala - Arcadia Financial

03/17/2022

Canadian home values took another step up in February, reaching an average selling price of $816,720.

07/09/2021

Great news for first time buyers. The rules have revereted back for easier financing. Call me for more details.

Eased CMHC mortgage insurance rules will have ‘minimal’ impact on homebuyers, experts say, as it lost much of its market share to private mortgage ins...

12/25/2019

Merry Christmas friends, family and clients

Vern Bala - Mortgage Specialist

11/30/2019

Unlike Big Six banks, fair-penalty lenders don’t use arbitrarily inflated rates in their calculations. That only serves to drive up penalties

07/22/2019

The Bank of Canada has lowered the rate used by mortgage stress tests to determine whether would-be homeowners can qualify, marking the first drop in three years.

06/13/2019

Real estate agents, lenders and builders say the stress test is making it even harder to buy a house. But others say they’re biased — and the stress test is working just fine.

03/22/2019

Hoping for tweaks to the mortgage stress test, the government’s budget instead left many in the industry underwhelmed and with more questions than answers.

03/05/2019

It takes less time to sell a house in quiet Maritime markets than it does in bustling Montreal.

02/28/2019

https://www.bloomberg.com/amp/news/articles/2019-02-05/canada-regulator-opens-door-to-easing-mortgage-stress-tests

Canada’s banking regulator defended tougher mortgage underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.

02/20/2019

February 19, 2019: Mortgage Professionals Canada posted an article on LinkedIn

02/06/2019

‪How Ottawa can help make the dream of home ownership a reality

Since the Finance Minister’s first budget, the aspiration of home ownership has become detached from middle class dream, writes Jennifer Wells.

01/31/2019

Ontario is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars. The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that's one rule they're looking at changing.