the stress test is changing

The Stress Test Is Changing! (Watch Full Video)

Starting June 1st the stress test is changing. Qualifying rates are changing from 4.79% to 5.25%. This isn’t a significant change but it does reduce your buying power by about 5%. Watch my full video, I explain how this affects you. Please don’t hesitate to contact me with further questions you may have.

what is mortgage insurance

What Is Mortgage Insurance? (Watch Video)

What is mortgage insurance? When does it apply to me? Mortgage insurance is a premium that’s added to your mortgage when you have less than 20% down. It unfortunately doesn’t protect you, but protects the lender in the even of default. Here’s what you should know about mortgage insurance:

Housing market

What The Heck Is Going On With The Housing Market?

The housing market does not make any sense right now. How does the province of Alberta have a 20% effective unemployment rate (taking into consideration underemployment), while the Canadian central bank has bought $180 billion of Government of Canada bonds (quantitative easing), we are in round 2 of a worldwide pandemic, and the housing market …

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