Whether you are looking for the latest Bank of Canada rate announcement, up-to-date information on the mortgage industry or fun tips on how to add curb appeal to your home, our blog is the place for you. Be sure to check back weekly for the latest industry updates and most popular mortgage topics affecting Canadian home owners!

Bank of Canada Announcement
Innovative Mortgage Solutions

Bank of Canada Announcement: How COVID-19 continues to Impact the Economy

July 15, 2020

Due to the ongoing uncertainty around the unfolding of the COVID-19 pandemic, the bank opted to present a “central scenario for global and Canadian growth” in lieu of the usual economic projections outlined in the MPR.

bank of canada announcement graphic
Innovative Mortgage Solutions

Bank of Canada Announcement: The Impact of COVID-19

June 3, 2020

The Bank of Canada held its benchmark rate steady at 0.25 percent today, which is considered the effective lower bound of the key interest rate. This is the point at which reducing the rate further would be considered counterproductive.

noa
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What’s the difference between an NOA, T4 and T1 General?

April 30, 2020

If you’re having trouble collecting the documents for your mortgage application, you’re not alone! It can be difficult to keep track of document names and where you can go to find each one, especially if you’re a first-time homebuyer who has never had to access them before.

bank of canada announcement graphic
Innovative Mortgage Solutions

Bank of Canada Announcement - April 15, 2020

April 15, 2020

In light of the evolving COVID-19 situation, measures taken by the Bank of Canada include:

COVID-19
Innovative Mortgage Solutions

COVID-19: A Complete List of Resources

March 27, 2020

UPDATED DAILY. A list of information in response to COVID-19, including the latest updates from the provincial and federal government as well as information from mortgage lenders.

COVID-19
Innovative Mortgage Solutions

COVID-19: Bank of Canada and Mortgage Updates

March 27, 2020

The Bank of Canada has implemented an additional emergency rate cut and introduced two new programs. Mortgage lenders are also offering updates to their mortgage process for homebuyers.

COVID-19
Innovative Mortgage Solutions

COVID-19: New Measures for Small Businesses - March 27, 2020

March 27, 2020

As the COVID-19 pandemic continues to evolve, the federal government has implemented a number of new measures in support of small businesses in Canada. As of March 27, 2020, the following initiatives have been introduced:

COVID-19
Innovative Mortgage Solutions

COVID-19: Support for Small Businesses

March 25, 2020

It is our belief that in turbulent times, small business owners must band together to endure and survive. We have compiled this list of business-related resources that have been put together in response to COVID-19, and will continue to update the list as we receive more information.

Bank of Canada Announcement - March 4, 2020
Innovative Mortgage Solutions

Bank of Canada Announcement - March 4, 2020

March 4, 2020

The Bank of Canada dropped its interest rate to 1.25%, amid concerns over the COVID-19 virus.

Stress Test
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New Mortgage Stress Test Rules

February 20, 2020

This week, Finance Minister Bill Morneau announced a change to the stress test that will come into effect as of April 6, 2020.