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Mortgage Industry Update

New Canadian Mortgage Stress Test Rules Announced for 2018

New Canadian mortgage rules could make qualifying for a mortgage more difficult. On October 17, 2017, the Office of the Superintendent of Financial Institutions (OSFI) announced new Canadian mortgage rules, to be put into effect on January 1, 2018. The new regulation requires a mortgage stress test, assessing whether... Read more

Coaching Your Brokers on Deal Packaging Best Practices

coaching your brokersLenders are famous for sending their business development managers out to make mortgage brokers and agents aware of current products and rate promotions. This is an important aspect of marketing to brokers that is essential for keeping yourself fresh in their minds so that... Read more