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Hamilton (905) 769-2005

Rising interest rates are a front-of-mind topic for most Canadians. Not only can increased rates affect unsecured consumer household debt — like credit cards, some lines of credit, and old bills — but it can also affect secured debts — like your mortgage renewal. On July 11, 2018, the Bank of Canada increased interest rates

The start of 2018 isn’t only bringing in a new year — for Canadians, it’s also bringing in new mortgage rules. In October of 2017, the Office of the Superintendent of Financial Institutions (OSFI) put new mortgage rules in place. The big one is a new mortgage stress test for uninsured mortgages. Those with a