Blog

Welcome to the Mortgages for Less blog! Here, you'll find expert advice, industry news, and helpful tips to guide you through every step of your home financing journey. Whether you're a first-time homebuyer or looking to refinance, our blog is your go-to resource for staying informed and making smart mortgage decisions.

Stay up-to-date with Market Trends

Check out our blog to stay up to date on the housing and mortgage market.

  • February 28, 2020

    More good news for people who have been struggling with the mortgage stress test! It was recommended by FINA (House of Commons Standing Committee of Finance) to the federal government that they “exempt mortgages from the stress-test where the mortgagor has already met the obligations of their original mortgage.” This is great news for existing…

  • February 21, 2020

    The Department of Finance announced Tuesday changes to the mortgage stress test. “The new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus 2%.” This change is specific to insured mortgages (i.e. mortgages with a down payment of less than 20%) and takes affect on April 6.