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Eeny, Meeny, Miny, Moe. Where for Mortgage do I go?

I’m biased but I also happen to like choices.  As a consequence, I feel that the following article is pertinent for those contemplating their next mortgage. https://www.thestar.com/life/advice/2018/07/31/mortgage-brokers-vs-banks-the-pros-and-cons.html I will...

A Little Knowledge is Helpful

The following piece from Global News is a nice summary of the implications of the new mortgage stress test. https://globalnews.ca/news/4097215/canada-new-mortgage-rules-stress-test-2018/ It is worth pointing out that the accepted GDS and TDS ratios vary based upon a...

The Times Are A Changin’

Once upon a time, the debt service levels that are used to determine the amount of mortgage money that we can borrow were lower than they are today. The new mortgage stress test that was recently implemented looks like it takes us back in the direction that...

My quick link post

https://www.theglobeandmail.com/report-on-business/new-mortgage-stress-tests-could-disqualify-10-of-buyers-bank-of-canada/article37109981/ Central bank expects biggest impact to be concentrated in Toronto, Vancouver...

My quick link post

http://business.financialpost.com/personal-finance/stricter-osfi-rules-on-mortgage-lending-will-do-more-harm-than-good-fraser-institute Fraser Institute doesn’t believe the changes are necessary and says another key result could be a less competitive mortgage...

The Cost of Debt

We are frequently reminded about household debt in the news and I feel that we are given the impression that debt is to be avoided. Actually, debt can be a very positive thing.  It represents an opportunity to gain leverage in any investment portfolio.  However, we...