Tridac Mortgages

Toronto mortgage rate update for week of February 22, 2010. Mortgage interest rates in Canada haven’t changed in the past two weeks. The bond yields have remained relatively stable and low which is good if you are in the mortgage market. Currently, there is little pressure on rates so we should enjoy these current low interest rates for a while. Currently I can offer the following...more ...

On Tuesday, February 16, 2010, Jim Flaherty, Minister of Finance, announced reforms to the rules governing mortgage qualification. The changes affect: 1. the rate used for a borrower to qualify for a mortgage; 2. how much equity can be removed from your home and; 3. downpayment of 20% required on rental properties. Chris Molder, Toronto mortgage broker, goes over the changes in his video blog ...