My Mortgage Blog — Latest Posts
What exactly is HIGH RATIO or INSURED mortgage?
What exactly is HIGH RATIO or INSURED mortgage?A mortgage that exceeds 80% of the purchase price This type of mortgage must be insured by CMHC (Canadian Mortgage and Housing Corporation), Canada...
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Pre Approval vs Pre Qualification
Pre Approval vs Pre QualificationWhat's The Difference?A Pre Approval is when you send me income documents, we verify your down payment, and we go through your credit report with a fine tooth...
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The Bank of Canada Left Rates Unchanged. Now What?
The Bank of Canada may have raised its inflation forecasts, but it didn’t raise interest rates this week as many had expected. At its first rate policy meeting of the year,...
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Will the Bank of Canada Hike Early on Inflation Concerns?
Earlier this week, we learned that Canada’s headline CPI inflation rose to a 30-year high of 4.8% in December. That had a number of economists concerned, with many saying the...
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