Quick Mortgage Refinance

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Canadian Mortgage Credit Sees Growth Slow, Despite Record Real Estate Sales https://bit.ly/2GqPVv1 Visit https://www.qui...
10/01/2020

Canadian Mortgage Credit Sees Growth Slow, Despite Record Real Estate Sales
https://bit.ly/2GqPVv1
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Canadian real estate sales are hitting record levels, but mortgage growth is slowing. Bank of Canada (BoC) data shows outstanding mortgage credit hit a new all-time high in July. Even with the new high and various factors working in its favor, the rate of growth is still decelerating. Mortgage Debt....

How the Government Has Saved the Economy from COVID-19…So Far https://bit.ly/3f4u6g8 Visit https://www.quickmortgagerefi...
09/24/2020

How the Government Has Saved the Economy from COVID-19…So Far
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Despite deep economic pain caused by the global pandemic, the Canadian economy—and the housing sector in particular—appears to be bouncing back from the near-complete shutdown of society…at least for now. That’s thanks in large part to numerous government measures meant to keep liquidity flo...

Latest in Mortgage News: OSFI Changes Rules for Mortgage Deferrals https://bit.ly/32WYnd2 Visit https://www.quickmortgag...
09/10/2020

Latest in Mortgage News: OSFI Changes Rules for Mortgage Deferrals
https://bit.ly/32WYnd2
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OSFI, Canada’s banking regulator, announced today it will start phasing out special regulatory capital treatment of deferrals given improving economic conditions. The changes are effective immediately for mortgage payment deferrals granted by the Big 6 banks through to the end of September. Those ...

Canada's housing agency tightens mortgage insurance eligibility amid coronavirus https://bit.ly/2AM6GxO Visit https://ww...
08/27/2020

Canada's housing agency tightens mortgage insurance eligibility amid coronavirus
https://bit.ly/2AM6GxO
Visit https://www.quickmortgagerefinance.ca/ for mortgage services.

The country's national housing agency says it's changing the credit score needed to get mortgage insurance to 680 from 600 and limiting the gross and total debt servicing ratios to 35 and 42 respectively.

Why CMHC's Upcoming Mortgage Application Changes Will Have Little Effect https://bit.ly/2YS0i1z Visit https://www.quickm...
08/06/2020

Why CMHC's Upcoming Mortgage Application Changes Will Have Little Effect
https://bit.ly/2YS0i1z
Visit https://www.quickmortgagerefinance.ca for mortgage services.

The July 1 changes the Canadian Mortgage Housing Corporation (CMHC) is making to its underwriting policies for insured mortgages should have little effect.

Mortgage Rates Keep Setting New Record Lows https://bit.ly/3it5Hno Visit https://www.quickmortgagerefinance.ca for mortg...
07/30/2020

Mortgage Rates Keep Setting New Record Lows
https://bit.ly/3it5Hno
Visit https://www.quickmortgagerefinance.ca for mortgage services.

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for under 2.00% from discount brokers. Concerns over a second wave of COVID-19 have caused Canada’s 5-year bond yield to fa...

Canada Mortgage and Housing Corporation is Looking for a New CEO https://bit.ly/31WNs46 Visit https://www.quickmortgager...
07/16/2020

Canada Mortgage and Housing Corporation is Looking for a New CEO
https://bit.ly/31WNs46
Visit https://www.quickmortgagerefinance.ca for mortgage services.

The Canada Mortgage and Housing Corporation (CMHC) is looking to hire its next president and CEO, replacing current chief executive officer Evan Sidall.

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