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Mortgage Bytes

  • Canada’s core inflation rate has exceeded the Bank of Canada’s 2% target every month this year.  Many expect that interest rates will head up soon as a result.  See this FP Story.
  • Stated income (“no doc”) mortgages are catching a lot of heat in the U.S.  It may soon get significantly harder for Americans to get mortgages without proving income.
  • Here’s a good overview by Million Dollar Journey on the RRSP Home Buyers Plan
  • Thanks to Canadian Capitalist for its post about CMT’s Mortgage Renewals story.