by Allen Ehlert | January 25, 2025 | Mortgage Terms, Mortgages, Personal Finance
The mortgage stress test, as mandated by the Office of the Superintendent of Financial Institutions (OSFI), primarily applies to federally regulated financial institutions, such as banks. However, private mortgage lenders, which are not federally regulated, are not...
by Allen Ehlert | January 23, 2025 | Mortgage Terms, Mortgages, Personal Finance
Home buying is a naturally expensive thing to be doing. You not only have to pay for the house, but you have substantial closing costs as well. You might want to make your new house ‘home ready’ by getting a few new pieces of furniture and don’t forget new window...
by Allen Ehlert | January 20, 2025 | Mortgage Terms, Mortgages, Personal Finance
Mortgage providers in Canada are either federally or provincially regulated. Canada’s chartered banks are federally regulated while many other lenders (see below) are not. Getting a mortgage from a non-federally regulated mortgage provider in Canada has both...
by Allen Ehlert | January 9, 2025 | Mortgage Terms, Mortgages, Personal Finance
In Canada’s diverse mortgage landscape, borrowers have a plethora of options ranging from traditional prime lenders to innovative alternative lending solutions. The rise of alternative lenders has been particularly notable, offering unique advantages that cater...
