Mortgage rates are a key concern in Quebec and the rest of Canada because most Canadians are homeowners. In January, the key rate is at 3.25%. A year ago, it was 5%. Will the Bank of Canada lower its rate again? Nothing is certain, and no one knows exactly what will happen. Why is it…
2020 was certainly not a great year in terms of economic conditions. While economists and pundits expected rates to increase, the COVID-19 pandemic has certainly upended the Bank of Canada’s plans. In March 2020, the government announced health measures to contain the spread of the COVID-19 virus, leaving hundreds of thousands of Quebecers unemployed. Banks…
Contact a free mortgage broker or a certified and reliable financial advisor at the first sign of financial problems. These professionals are trained to help you manage your debts and to recover after a personal bankruptcy. Bankruptcy is an event that can have a big impact on your life but remember that it’s possible to…
If you are buying your first home, your mortgage is undoubtedly the largest amount of money you have ever had to borrow. Choose the right strategy. Get your mortgage pre-authorization. Calculate your borrowing capacity and save time by obtaining mortgage pre-approval Whether you are a first-time buyer or an owner on the verge of…
Due to stricter mortgage regulation, more and more homeowners are turning to private financing for their mortgage needs. The new stress test implemented last 1 January 2018 has made it more difficult for hundreds of thousands of Canadians to buy the home they want, according to a report of Mortgage Professionals Canada. See our…