Are You Stressed by OSFI’s ‘Stress Test’ Yet?

Are You Stressed by OSFI’s ‘Stress Test’ Yet?

Effective January, 2018, the qualifying rate for uninsured mortgages, (20%+ down payment), will be the greater of the five-year benchmark rate published by the Bank of Canada, (4.89% today), or the contractual mortgage rate + 2%. In plain English, IF the 5 year...
Valuable Tips about how to Pay off your Mortgage Faster

Valuable Tips about how to Pay off your Mortgage Faster

When shopping for a mortgage, the lowest rate should not be your only concern. Pay attention to the three ‘P’s’: Prepayment privileges By how much can you pay down your mortgage annually without being penalized? Penalties What penalty will you pay to pay your mortgage...

Tax Time….
That Time of the Year Again…..

IF CRA is on your mind and you’re tossing and turning wondering where you’re going to get the money to satisfy your tax obligations, give us a call
adoria@mtgarc.ca or 647-201-0167