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Kevin Mroczek || December 07, 2017

CMHC: Half Of Canada's Mortgage Loan Business Has Vanished, And It's A 'New Normal'

It's a result of the newmortgage rulesannounced by the federal government in the fourth quarter of 2016. TORONTO — Canada's national housing agency said Wednesday that the 47 per cent decline in the...

Kevin Mroczek || December 06, 2017

Bank of Canada announces rate

No increase today but the Bank of Canada seems to indicate there will be increases in 2018. Stay tuned.The Bank of Canada stuck with its trend-setting interest rate Wednesday _ but it offered fresh,...

Kevin Mroczek || December 06, 2017

Over a third of Canadians have no idea about new mortgage rules changes, but are planning on buying a home anyway

Interested in finding out how or if the Mortgage rules will effect you? Call me today for a free consultation.Yesterday, the Bank of Canada reported that new mortgage rules, set to take effect on...

Kevin Mroczek || December 04, 2017

Bank of Canada sees risks easing; too bad the cure is higher mortgage rates and stricter rules

"We know for certain the new stress test effective Jan 1/18 will have an impact on purchasing power, however, the economic data for Canada suggests a mixed picture of positive growth and negative...