Halloween aside, this October has plenty of reasons to get you spooked, what with a recession, a long and tiring election campaign, and recent world events. Plenty of reasons, but your mortgage need not be one of them. We’re here to help in this frightful time, no matter if you’re buying a home, renewing your …
It’s likely that everybody – homeowners, potential homeowners, first-time buyers, people who know people with homes, Canadians in general – wants the best for the mortgage industry.
Most of the biggest banks in Canada recently got an unwelcome surprise. Standard & Poors Ratings Service announced July 27 that it had lowered the outlook for a number of banks from “stable” to “negative.”
As more Canadians heed the warning against over-borrowing in the face of low interest and mortgage rates, big banks are beginning to feel the pinch.