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Steve's Mortgage Blog — Latest Posts
Anatomy of mortgage changes
There is little doubt that housing sales have slowed down in the past year, due in large part to stricter mortgage regulations. Part of those regulations is a mortgage stress test that requires...
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The Canadian economy and the housing market
We are living in strange times, economically speaking. Mortgage stress tests have slowed the housing market and may be one of the reasons the Bank of Canada has signaled it may pause on increasing...
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The Upside of Alternative and/or Unregulated Lenders
A recent report from the Bank of Canada reviewed the impact of the government's policy changes on the mortgage market. It found that overall market activity had slowed -- something we knew would...
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Everything You Need To Know About Getting A Second Mortgage
If you have been in your house for a period of time you can access the equity in your home and obtain a second mortgage as low as $10,000. Equity is the difference between your home’s appraised value...
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