Canada’s economy may prove surprisingly resilient in its recovery following the COVID-19 lockdown, according to Bank of Canada Governor Stephen Poloz. In his final press
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The head of the Canada Mortgage and Housing Corporation delivered a particularly gloomy forecast while testifying remotely before the House of Commons Finance Committee on Tuesday.
This is one spot that no one wants to end up in: you’ve found the house you want, your offer has been accepted, but it all falls through because you don’t have financing in place. Lenders deny mortgage applications all the time, and it pushes would-be homeowners back to square one.
Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week.
It’s the 24th of May and we likes to get away….except we’re all on the quarantine!!!