Today, Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the "stress test." These changes will come into effect on April 6, 2020.  The new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus 2%. This follows a recent review by federal financial agencies which concluded that the minimum qualifying rate should be more dynamic to better reflect the evolution of market conditions.  Overall, the review concluded that mortgage standards are working to ensure that home buyers are able…

Original Article Source Credits: the globe and mail , https://www.theglobeandmail.com/

Article Written By Robert McLister

Original Article Posted on : DECEMBER 27, 2019

Link to Original Article: https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-predictions-for-canadas-mortgage-market-in-2020/

Original Article Source Credits: Canada.ca , https://www.canada.ca/

Article Written By:  NA 

Original Article Posted on : 2019-12-19

Link to Original Article: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2019/interest-rates-first-calendar-quarter.html

Original Article Source Credits: O.canada, https://o.canada.com/

Article Written By: BARBARA SHECTER 

Original Article Posted on : January 14, 2020

Link to Original Article: https://o.canada.com/real-estate/mortgages/reverse-mortgage-business-is-booming-in-canada-as-seniors-tap-home-equity-to-pay-debts/wcm/3ef17d55-fa74-436d-80b6-8238d903d0cf

Original Article Source Credits: HGTV  , https://www.hgtv.ca/

Article Written By:  Emma Yardley

Original Article Posted on : December 28, 2019

Link to Original Article: https://www.hgtv.ca/real-estate/photos/buying-house-winter-1922582/#

Original Article Source Credits: O.Canada  , https://o.canada.com/

Article Written By: HAIDER-MORANIS BULLETIN 

Original Article Posted on :December 20, 2019

Link to Original Article: https://o.canada.com/real-estate/things-are-looking-up-for-real-estate-markets-heading-into-2020/wcm/703bee06-abbd-4d99-9aba-dac69fedfe61

Purchasing your dream home needs serious financing, so if you’re looking for a mortgage broker, you need to put in a sufficient amount of research to find someone that matches your expectations. You need to go through the reviews you find online and speak to people who’ve worked with them.

Original Article Source Credits  :  Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/

Article Written By:  NA 

Original Article Posted on : December 16, 2019

Link to Original Article: https://www.cmhc-schl.gc.ca/en/housing-observer-online/2019-housing-observer/how-lenders-brokers-measuring

Original Article Source Credits: The Globe and Mail  , https://www.theglobeandmail.com/

Article Written By: ROBERT MCLISTER

Original Article Posted on :   DECEMBER 10, 2019

Link to Original Article:  https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-is-equitable-banks-new-reverse-mortgage-a-game-changer/

2020 Rates Will Likely Remain At Reasonable Levels https://www.mortgagebrokernews.ca/news/2020-rates-will-likely-remain-at-reasonable-levels-324492.aspx

Original Article Source Credits: O.Canada , https://o.canada.com/

Article Written By:HAIDER-MORANIS BULLETIN 

Original Article Posted on :December 20, 2019

Link to Original Article: https://o.canada.com/real-estate/things-are-looking-up-for-real-estate-markets-heading-into-2020/wcm/703bee06-abbd-4d99-9aba-dac69fedfe61

Original Article Source Credits: Toronto Storeys , https://torontostoreys.com/

Article Written By: Deidre Olsen

Original Article Posted on : December 4, 2019

Link to Original Article: https://torontostoreys.com/2019/12/bank-of-canada-rates-3/

Original Article Source Credits: Canadian Mortgage Trends , https://www.canadianmortgagetrends.com/

Article Written By:RICHARD MOXLEY

Original Article Posted on : NOVEMBER 25, 2019

Link to Original Article: https://www.canadianmortgagetrends.com/2019/11/how-your-cell-phone-can-keep-you-from-getting-the-lowest-mortgage-rate/

Original Article Source Credits: Financial Post  , https://business.financialpost.com/

Article Written By:  Nicholas Sokic

Original Article Posted on : November 7, 2019

Link to Original Article: https://business.financialpost.com/real-estate/mortgages/mortgage-stress-test-first-time-homebuyers-and-retirees

Can you qualify for a Mortgage after a Consumer Proposal?   https://www.canadianmortgagetrends.com/2019/12/can-qualify-mortgage-consumer-proposal/  

Original Article Source Credits: Better Dwelling,  https://betterdwelling.com/

Article Written By: Daniel Wong

Original Article Posted on : OCTOBER 17, 2019

Link to Original Article: https://betterdwelling.com/canadian-variable-mortgage-rates-are-rising-very-very-fast/

Original Article Source Credits:  Edmonton Journal  , https://edmontonjournal.com/

Article Written By: JOSH SKAPIN 

Original Article Posted on :  October 25, 2019

Link to Original Article: https://edmontonjournal.com/life/homes/new-shared-equity-mortgage-program-can-help-first-time-buyers-afford-home

Original Article Source Credits: Money Sense , https://www.moneysense.ca/

Article Written By: Alexandra Macquee

Original Article Posted on : Nov 4, 2019

Link to Original Article: https://www.moneysense.ca/spend/real-estate/how-does-reverse-mortgage-work/

Letter of Appreciation to our President, Wayne Sudsbury for his contribution to the 2nd 2019 Broker Advisory Meeting. We’re so grateful to have everyone come together to provide meaningful insights and perspectives that inform how we at Home Trust can continue to improve. The work you have done this year will have an impact on how we view future decisions regarding our broker partnerships and our interactions with the broker community. As a result of the success of this initiative, we are proud to announce we will continue broker advisory sessions next year and for years to come to gather more…