Mortgage Updates

OFSI Leave MRQ Same at 5.25%

Looking for a Mississauga mortgage? We've got you covered with everything you need to know about the market and the latest rate trends. This past week Canada’s banking regulator called OFSI confirmed that it would leave the qualifying rate for the mortgage stress test unchanged. That means the qualifying rate remains at the higher of [...]

By Lotus Loans & Mortgage|2023-03-21T16:57:41+00:00December 16th, 2022|Mississauga Mortgage, Mississauga Mortgage Brokers, Mortgage Rates|Comments Off

CPI is Flat in Oct 2022

This past week in early November 2022 it was announced that Canada’s annual inflation rate held firm in October, likely keeping the BoC on track to press ahead with interest rate hikes. Remember that bank Prime is up to 5.95% today. The BoC meets on Dec 7th where they likely move Prime upwards by a [...]

By Lotus Loans & Mortgage|2022-12-23T14:47:19+00:00November 18th, 2022|Mortgage Rates, Mortgages, News and Articles|Comments Off