Investing in Canadian Real Estate vs. the Stock Market

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The stock market and real estate can be considered the two major asset classes for growth investing. They both allow investors to participate in long term appreciation of values. Both asset classes should be included in a balanced investment portfolio. Understanding the difference between the two will help an investor determine where to allocate his/her […]

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Department of Finance announce new mortgage rules

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In a surprising move, The Department of Finance has announced new mortgage rules in order to stabilize the continued rise in consumer debt. The new changes to mortgage rules for Regulated Lenders, will take effect July 9th.  Beyond the reduction of amortization and 80% limits for refinances, the potentially most harmful change for consumers is […]

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Concerns about the proposed OSFI B-20

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Our National Association CAAMP have expressed their concerns about the proposed OSFI B-20 Draft which recommend: Full re-qualification of mortgages at renewal Additional Assessment Criteria regarding future income E.g. Retirement income if mortgage isn’t paid in full until retirement Limiting the Maximum Loan to Value of 65% for all non-conforming mortgages. This will severely affect […]

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