Mortgage Stress Test Gets Some Changes
New rules kicking-in June 1st will drop buying power a few percentage points – but is it enough to cool the red hot housing market and what other measures may be in the works?
Home Ownership Dreams Fading Away?
A brand-new survey from the Royal Bank indicates that 36% of Canadians under 40 have given up on owning a home and 50% of those looking for a home have a budget of $500K - despite the fact the average home price is approaching $700K.
Air Canada Receives a Cash Injection
Air Canada's $5.9 billion bailout is good news for their employees and customers looking for a refund on their COVID-canceled flight, but it might not be so friendly to shareholders.
The Big IF: What Happens When Rates Go Up?
Mortgage rates can’t stay this low forever, so what gives when the inevitable happens and rates begin to rise?