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First-Time Home Buyer Incentive Revamped

The Liberal government wants to give its much-criticized First-Time Home Buyer Incentive (FTHBI) a redo. In its Fall Economic Statement this week, the government said it’s going to make it...

Spend Until We Bend

—The Mortgage Report: Nov. 30— Trudeau’s government said Monday that it plans to lift Canada’s debt ceiling by up to 57% as it embarks on record spending and deficits in...

Don’t Fool With Your Docs

We came across a mortgage customer this week who decided it was a good idea to change the date on his job letter. Apparently it was old and he didn’t...

Tangerine’s 10-year Fixed Rate Smashes Record

—The Mortgage Report: Nov. 23— Bond yields stopped falling three months ago but that hasn’t stopped Tangerine from launching one sweet 10-year special. If you: think the economy will turn...

Getting Past the Next Three Months

The bad news: COVID cases have exploded, hospitalization numbers are surging and most people may be slow to get vaccinated. The good news: the fatality rate is dropping and vaccine...

How Far We’ve Come

—The Mortgage Report: Nov. 17— Remember that rate: 8 3/4%? Your average first-time buyer wouldn’t, as he/she would’ve been just seven years old at the time (1991). 8.75% was a...

More Zigs & Zags to Come

—The Mortgage Report: Weekend Edition— Canada’s rate outlook got a boost this week from two influential developments: Promising vaccine news (20 potential vaccines are in late-stage trials, including Pfizer’s drug...

Rate Risk Just Went Up

Bond yields shot up like a cannonball after news broke this morning of Pfizer’s positive vaccine trials. Canada’s 5-year swap rate, one of the best leading indicators of fixed mortgage...