Category: Mortgage

21 Feb
mortgage stress test

Looking Back at the Mortgage Stress Test

The mortgage stress test hasn’t been in effect for very long but enough time has passed for us to examine its early impact. Enacted as of January 2018, Canadians applying for a new mortgage or refinancing an existing one had to prove their financial situations could withstand an interest rate hike. This Government initiative was […]

07 Feb
disruption

The Technological Disruption to Real Estate

From listing apps to contract platforms, technology has changed the face of real estate and will continue to evolve every aspect of how people buy and sell properties. Technology streamlines a complicated process and every real estate agent and lender should be taking advantage. Let’s review some of the most exciting web and mobile applications […]

31 Jan
condo market

Toronto’s Impending Rental Hike

Toronto is a metropolis but living in the GTA can be challenging. Because of the mortgage stress test that was implemented several years ago and the overall cost of property, many have been unable to enter the housing market. This has led to a hyper-competitive rental market with no end in sight. As if rental […]

24 Jan
new_home_owners_with_key

Should Millennials Look to Buy in 2019?

Over the last number of years, Toronto has become one of the fastest growing cities with respect to real estate prices. This has hurt millennials who feel shut out from the dream of homeownership. Affordability is a significant and widespread issue and one that has also extended to the rental market. The rental market has […]

17 Jan
Oppono_logo

Oppono’s Service Commitment

With so many options available today, it can be difficult to know where to turn and from whom to seek good advice. Our service commitment was designed to make this decision easier for people looking to get approved for a mortgage or home equity line of credit. Oppono offers borrowers many advantages, including experience, expertise […]

03 Jan
kelowna-mortgage-renewals-couple-meeting-with-mortgage-broker

Is your Mortgage up for Renewal in 2019?

Making your monthly mortgage payments can be stressful enough, but when it comes time to renew your mortgage, choosing between all the different options may just put you over the edge. But since home ownership comes with its own set of complications and responsibilities, here are some factors to consider when you renew your mortgage […]

27 Dec
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Another Benchmark Rate Hike by The Bank of Canada

In October, the Bank of Canada raised the benchmark interest rate by 1.75%. That’s the fifth time that the rate has been increased a quarter point in a few months.  It has reached the highest it has been in a decade, which is spelling some trouble for Canadian borrowers. To understand what this means for […]

20 Dec
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Why are First-time Homebuyers Maxing out a Budget?

The landscape has changed for first-time homebuyers in the GTA. According to a report by the CMHC, 85% of people entering the housing market for the first time are using their entire budget in order to make the purchase. This means they paying the highest down payment in addition to mortgage insurance and closing fees. […]

13 Dec
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The GTA’s Investment in Infrastructure

The GTA led by John Tory has attempted to make a sizeable investment in infrastructure to meet a growing population and the needs of a modern society. An example of this is the Metrolinx Toronto Light Rail Transit project (LRT), which will serve to open up areas north of the city, making them more accessible. […]