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Are New Mortgage Rules Pushing Homeowners to Shadow Banking?

Has the federal government’s increased mortgage regulation done anything to cool Canada’s hot housing markets? Are they pushing homebuyers into unregulated mortgages and the growing shadow banking industry? Some Canadians may be having a harder time buying a home due to the change in mortgage rules last year. As banks become more risk-averse, wondering if and when interest rates will Continue Reading

New Corporate Brand and Website for Teranet

Teranet unveiled its new corporate brand and website today. This revitalized corporate identity reflects both the respected history of the company as well as its innovation and goals for the future. According to the press release, “As we continue to grow, it’s critical that our brand represents who we are and where we’re going,” says Elgin Farewell, Teranet President & Continue Reading

Mortgage Broker News: Impacts of an Interest Rate Increase

The Bank of Canada has finally raised the interest rate. After years of speculation and no changes, a few weeks ago the BOC finally made the move, increasing the rate from 0.5% to 0.75%. Have you seen any impacts yet? As we know, those clients with fixed-rate mortgages won’t feel an impact until they come to you to renew. However, Continue Reading