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My Mortgage Blog — Latest Posts
Mortgage Stress Test Staying at 5.25%
If you’re in the market for a home—and a mortgage—you’ll have to continue to prove you can afford monthly payments based on a rate of at least 5.25%. This just means we use this rate to make sure if...
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Concerns About Affordability Raising Due to Higher Home Prices
Average home prices across Canada are back on the rise, nearing the all-time high reached in March. On PEI we have seen homes increasing and while many believed the prices would lower house prices are...
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Are Interest Rates Increasing Faster than Originally Expected? How This Can Impact You.
The Bank of Canada left interest rates unchanged last week, but acknowledged growing inflation challenges and the likelihood that interest rates will start rising earlier than previously...
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Home Prices Stabilizing but Expected to Keep Rising in 2022
Average home prices across Canada have eased from their March peak, but a lack of supply and still-high demand is expected to keep prices rising into 2022.In August, the average selling price of a...
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