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Glen Estabrooks || March 23, 2020

The Health Crisis and Your Mortgage

A lot has changed in the last few weeks, much of it unsettling. The current COVID-19 health crisis has created some level of uncertainty among the population and a lot of unknowns. So, here’s a...

Glen Estabrooks || March 19, 2020

Big Banks Announce Mortgage Deferral Relief for Homeowners

Canada’s big banks announced this week that those struggling due to the COVID-19 crisis will be able to defer their mortgage payments for up to six months. The coordinated announcement came from the...

Glen Estabrooks || March 16, 2020

Why are Mortgage Rates Rising?

Fears over the COVID-19 pandemic and plummeting oil prices have caused mortgage rates to plummet to multi-year lows over the past couple of weeks. But now some lenders are actually starting to raise...

Glen Estabrooks || March 07, 2020

Recent changes may be good news for homebuyers

We’ve had back-to-back changes recently in the mortgage world – one direct, one indirect. The benchmark rate used to qualify will change downwards starting April 6, 2020, and the Bank of Canada...