May Mortgage Market Update 2024     IMPORTANT: review disclaimers We are not economists. Our comments are anecdotal. For accurate interpretations and predictions watchers need to obtain professional advice. Each lender interprets and determines its own rates and theirs supersedes whatever we might say or do. We don’t guarantee the accuracy or validity of the […]

May Mortgage Market Update 2024     IMPORTANT: review disclaimers We are not economists. Our comments are anecdotal. For accurate interpretations and predictions watchers need to obtain professional advice. Each lender interprets and determines its own rates and theirs supersedes whatever we might say or do. We don’t guarantee the accuracy or validity of the […]

Mortgage Allies brings you the latest mortgage news because we believe that our clients need to be informed and empowered when it comes to their mortgages. Just over a month ago we received some great news – the mortgage “stress test” rate reduction from 5.34 % to 5.19 %. This decrease is the lowest in […]

Currently Ontario residents pay provincial land transfer tax on the purchase of real estate.  To date, only Toronto charges an additional municipal land transfer tax.  The Toronto municipal land transfer tax was decreed in 2008 under the then mayor of Toronto, David Miller.  The Toronto land transfer tax essentially doubles the tax a home buyer […]