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International students and offshore banking flagged in Canadian real estate money laundering | Globalnews.ca Documents obtained by Global News piece together the complex web in which funds found their way into Canadian investments, attracting the attention of regulators.

Our Poet Remembered

Okay lets see who is honest...without details...

Holding...

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

https://financialpost.com/real-estate/banks-find-ways-around-mortgage-stress-test

Banks find ways around mortgage stress test Leah Zlatkin, LowestRates.ca expert and Principal broker at Brite Mortgage, talks about how the mortgage stress test has affected the market

Change inevitable

Opinion: Our debt problem is a lot worse than Ottawa is letting on Huge leap in gross debt puts us among top five most indebted

Pre-approval does not always equate to a mortgage on the home you want.

To be candid the bank has zero feelings about the home you just made an offer on. What they want is to ensure they can get their money back if you default.

A Pre-Approval Does Not Guarantee a Mortgage Approval - Mortgage Rates & Mortgage Broker News in Canada Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms a...

Where are Bank Mortgage rates going?

'No way' BoC will raise rates in 2022 if U.S. holds rates until 2024: Mortgage expert David Larock, president of Integrated Mortgage Planners provides his contrarian perspective to last week's Bank of Canada update, and where he thinks mortgage rates are headed.

I have told many of my clients that the rates will go up faster than they are projected by the experts.

Now...this, what they are saying.

Borrowers beware as Bank of Canada shifts tone on rates: Pattie Lovett-Reid - BNN Bloomberg The Bank of Canada delivered pretty much exactly what Bay Street expected Wednesday by scaling back its quantitative easing program and leaving its benchmark interest rate at 0.25 per cent. However, I would argue there was a big surprise for Canadians who have been counting on rates staying put into...