Saskatoon Mortgage Professional

Joy Beauchamp || October 11, 2024

Federal program introduces easier refinancing for homeowners adding rental suite

The federal government announced a new mortgage refinancing program designed to help homeowners add secondary suites—such as basement apartments or garage conversions. The...

Joy Beauchamp || September 26, 2024

Big week for mortgage rules: Feds announce key reforms

It’s been a big week for mortgage news, with both the federal government and OSFI rolling out important updates. The government has shared more details on its mortgage reforms, like...

Joy Beauchamp || September 16, 2024

CMHC Mortgage Cap Raised to $1.5M, 30-Year Amortizations Expanded

The federal government today announced some sweeping changes to Canada's mortgage system in an effort to improve housing affordability and access. One of the key changes...

Joy Beauchamp || September 04, 2024

Bank of Canada cuts policy rate to 4.25%

The Bank of Canada has dropped its policy rate to 4.25%, cutting it by 25 basis points this morning. This marks the third consecutive rate reduction by the central bank this year,...