Stress Test Qualifying Rate is Up

General Blair Collings 3 Jun

As you may have heard, the stress test qualifying rate has gone up from 4.79% to 5.25% across the board. Please note that this affects insured/insurable/uninsurable mortgage loans. This reduces buying power by 5% and this will impact first time home buyers and those entering the market more than those who already have a home […]

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Does the Inflation Rate Rise Make Way for Rise in Interest Rates

General Blair Collings 21 May

Inflation is upon us. Does this mean that interest rates will rise. This is a tough question to ask. The only answer is “Perhaps”. Being that inflation is caused when government spending is on the rise, this could be one reason for inflation. The government can’t spend forever and my thinking is that consumers will […]

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Qualifying Rate Rising on June 1, 2021 to 5.25%

General Blair Collings 30 Apr

The federal government is hiking the qualifying rate for uninsured mortgages come June 1st, 2021. This means that anything 80% LTV and below, the borrowers will need to qualify at 5.25% instead of the current 4.79%. This reduces the buying power of the borrower and is meant to cool down a crazy hot market, a […]

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Is Canadian Housing Affordable for Canadians?

General Blair Collings 18 Apr

If you are like me, you have been wondering who can afford the lofty real estate prices of recent times. The following article explores the foreign buyers and foreign real estate speculators and if the government is doing enough to curb foreign investment. Some provinces have placed a foreign buyer tax in certain cities to […]

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Are You Looking to Renovate?

General Blair Collings 23 Feb

If your thinking about renovations and looking for payment options, please feel free to give me a call at 416 948 8056. We can discuss your situation and goals and we are more than happy to find a recommended renovation expert in your area. In the meantime, please click the below link to find out […]

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Canada’s First Time Homebuyer Incentive Program – In a Nutshell

General Blair Collings 26 Jan

The First Time Home Buyer Incentive Program from the government of Canada is receiving an adrenaline shot in spring of 2021 for certain cities. These cities being Vancouver, Toronto, and Victoria. The program will allow household incomes from $150,000 to participate instead of only $120,000. You can now purchase a home 4.5 times your annual […]

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Fixed or Variable for the New Year?

General Blair Collings 18 Jan

With mortgage rates at an all time low, would you pick fixed or variable right now? My opinion would be variable right now. Rates will be low for a while as the economy recovers. I would lock in further down the road as my biggest worry is inflationary factors when this is all behind us […]

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Condo Prices Steady in December 2021

General Blair Collings 15 Jan

The Toronto condo market saw an upswing in December as the previous drop of condo prices of 10% from the peak is now seen as a good deal for many buyers and investors. This is good news, considering we are in the middle of a pandemic. This is proof that the Canadian real estate market […]

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Strong November for Real Estate

General Blair Collings 15 Jan

Real Estate was strong in November as home buyers are looking for more spacious homes in rural areas. The strong November results are also due to low mortgage rates. I help people balance home finances with lifestyle. Give me a call at 416-948-8056 for help or advice. Click the link for more details on the […]

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Mortgage Rates in 2021

General Blair Collings 5 Jan

The question many have in the mortgage industry is whether interest rates will rise in 2021. An interesting article below delves into that question. With where we are in the pandemic, I am predicting market recovery to be slow. Many people have had job related issues, and some are hit harder than others. The pandemic […]

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