The chief economist of the BC Real Estate Association has weighed in on a move to tighten mortgage rules. Brendon Ogmundson doubts whether the proposed increase of the minimum qualifying rate for…
Category: Mortages
Considering a joint mortgage? Here’s what you need to know
Joint mortgages are common, but you must keep in mind that each person must meet the qualifications for a mortgage. Here’s what you need to know before getting a joint mortgage so…
As the product celebrates its 25th anniversary, here’s if they are still a good bet
The buy-to-let mortgage marks its 25th anniversary this month, having launched in September 1996, the year of mad cow disease, when John Major was prime minister and England hosted the European Football…
Five tips for new mortgage borrowers as incoming credit law changes cause lenders to clamp down
Bolton said recent examples of mortgage borrowers finding it difficult to meet new servicing requirements include a separating couple with existing equity (one partner earns less and wants to buy the other…
Brits to be £ 2.5k worse off as cost of living crisis intensifies – here’s how
The cost of living crisis intensified today as a rise in energy bills was confirmed for millions of households. Ofgem, the energy regulator, announced it is upping its price cap from £…
How Fed interest rate hikes could impact mortgages, car loans, card rates
Fed. Reserve Chair Jerome Powell discusses raising interest rates to combat inflation The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a…
Energy prices to fuel more inflation
An Oslo-based oil analyst thinks the price of a barrel of Norway’s North Sea crude will rise to well over USD 100 by summer, just as consumers are already seeing lots of…