J'ai eu 1.95% 5 ans fixe +3000$ de remise avec BMO. Très satisfait
L'assurance SCHL donne environ 0.15@0.2 plus bas que ceux non-assuré, fuck les banques.
L'assurance SCHL donne environ 0.15@0.2 plus bas que ceux non-assuré, fuck les banques.
Schl c'est pour les bs lol
2.09 ici 5 ans fixe plus 1000$
J'ai eu 1.95% 5 ans fixe +3000$ de remise avec BMO. Très satisfait
J'ai eu la même offre de BMO hier justement.
Ottawa’s mortgage stress test is about to get a little easier.
Mortgage experts expect the Bank of Canada to cut its benchmark five-year mortgage rate to 4.79 per cent from the current 4.94 per cent as soon as this Wednesday, as the majority of the big Canadian banks now have a five-year posted rate of 4.79 per cent. The central bank sets its benchmark according to the rate that appears most frequently among the six biggest banks.
The reduction in the benchmark rate would make it easier for borrowers to get a bigger loan, which would add more fuel to overheated housing markets.
“It will make qualifying easier, or permit some people to borrow fractionally more,” said Paul Taylor, president with mortgage lobby group Mortgage Professionals Canada.
Under the mortgage stress test, borrowers are required to prove they can afford an interest rate that is either two percentage points higher than their actual contract, or at the Bank of Canada’s benchmark five-year mortgage rate – whichever is higher.
The stress test, which first came into effect for insured mortgages in 2016, was designed to ensure that borrowers were not taking on too much debt and to cool the hot housing market. Initially it slowed borrowing and contributed to prices falling in Vancouver.
But now that borrowers have adjusted to the stress test and mortgage rates are at record lows, home prices are climbing in Toronto, Vancouver and most of Southern Ontario. In the Toronto region, the average selling price of a home soared above $900,000 with detached houses in the city hitting $1,541,003 last month, a 26-per-cent increase over July, 2019.
“If you’re on the bubble of qualifying for a mortgage, you may need every last dollar of buying power you can get,” said Rob McLister, mortgage broker and founder of rate comparison website Ratespy.com.
Mr. McLister said the Bank of Canada’s expected change will have an incremental impact. For example, he said a borrower with a $70,000 income with no other debt could afford $4,000 more on a home with a 5-per-cent down payment.
The Bank of Canada said it does not provide the rate in advance of its scheduled publication on Wednesdays.
The big banks advertise their posted rates on their websites, but their actual rates can be at least two percentage points lower than those rates.
Combien l'hypothèque ? combien de cash down ?
la succursale BMO de st-heurôme ?
https://www.bnnbloomberg.ca/cmhc-head-pleads-with-canadian-banks-to-avoid-risky-mortgages-1.1478723 Video is unrelated read the letter.
Why? It gives first time home buyers who don't have rich parents or family the chance to buy something. It's there as a tool. In this market how do you expect a young family to purchase a 600k home with 20% and have all the relative closing costs on hand?Schl c'est pour les bs lol
If there is one it will be minor. There is still a metric shit ton of foreign case being spent here on homes and boomer parents giving kids money for homes.pas mal alarmiste , hâte de voir si vraiment le marché va s'écroulé fin 2020-2021
Why? It gives first time home buyers who don't have rich parents or family the chance to buy something. It's there as a tool. In this market how do you expect a young family to purchase a 600k home with 20% and have all the relative closing costs on hand?
They will likely just have enough for the 5%+ 1.5% closing costs etc
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Why? It gives first time home buyers who don't have rich parents or family the chance to buy something. It's there as a tool. In this market how do you expect a young family to purchase a 600k home with 20% and have all the relative closing costs on hand?
Oui et non.Could the SCHL actually be the root cause ?
Tomorrow morning start offering incentives to buy 2,000$ IPhones, next thing you know IPhones are gonna cost 3,000$.
Offer and demand....
Yes and No. The original spirit was to offer affordability. These days homes aren't affordable and the CHMC just takes more and more on. Sorta a strange catch 22 when most of your GDP is Banking and Real EstateCould the SCHL actually be the root cause ?
Tomorrow morning start offering incentives to buy 2,000$ IPhones, next thing you know IPhones are gonna cost 3,000$.
Offer and demand....