Mortgages by Carolann Young

Carolann Young || November 09, 2017

Don’t stress over the new mortgage “stress” test

As you probably know, the mortgage rules are changing once again, effective Jan.1, but if you’re looking to buy a home, the time to act is now.It’s expected that many federally-regulated lenders will...

Carolann Young || October 31, 2017

A time of great change

As you know, the mortgage rules are changing once again, effective January 1. The introduction of the minimum qualifying rate (stress test), this time for uninsured buyers, may be the toughest change...

Carolann Young || October 25, 2017

Equifax Data Breach -- Here's What You Can Do Right Now

It is still unknown how many Canadians were affected by the security breach at credit-monitoring company Equifax Inc., which was revealed on Thursday, September 7. The breach could have an impact of...

Carolann Young || October 23, 2017

How to prepare for rising interest rates

Over the past few years it seemed every expert was telling us that interest rates would be rising, and now after years of record low rates, the Bank of Canada (BoC) has started to raise them. The...