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      The Mortgage Stress test has gone up. What’s that mean?

      That’s right folks, as of June 1st 2021 the Canadian Mortgage stress test has gone up from 4.79% to 5.25%.  To understand this and its consequences we first must make sure we know what the ‘stress test’ is. The ‘stress test’ is a measure put in place by the OSFI (Office of the Superintendent of …more

      What the heck are CMHC fees, why do I have to pay them, and how much are they?

      First off, before we tackle what CMHC fees are we should get a handle on what CMHC is and what they do. CMHC stands for Canadian Mortgage and Housing Corporation, what they do is offer Mortgage Default Insurance.  CMHC is a Crown Corporation backed by the Federal Government, so really the Federal Government provides mortgage …more

      Thinking of Co-Signing for someone? Be Careful

      Most people know what a co-signer is, but most don’t know how much effect it has on the co-signers credit and borrowing power. A co-signer is a person who puts pen to paper on a loan for another individual, saying “don’t worry I’ll pay if this person doesn’t”.  This is most common with family members, …more