Origination Mortgage Corp.
Blog Archives

Proposed change to uninsured qualifying rate

The Office of the Superintendent of Financial Institutions (OSFI) recently proposed a change to uninsured qualifying rate rules. Upon confirmation, effective June 1, 2021, OSFI will require uninsured mortgages to qualify at the greater of: the OSFI-defined five-year minimum qualifying

Residential Market Commentary – Rate rise rumours

A few weeks ago, in the run-up to the Bank of Canada’s last interest rate setting, market watchers were abuzz with the prospect of another drop – even if it was just a, so-called, micro-cut of 0.1% to 0.15%. That

Residential Market Commentary – Hopes for home ownership stay strong

The desire for home ownership remains strong in Canada. The latest home buying sentiment poll by one of the country’s big banks suggests nearly 60% of Canadians aspire to own a home. Just over half of those people are looking

Residential Market Commentary – Homeowners are shaking off COVID concerns

Aug 10, 2020 First National Financial LP Canada Mortgage Professionals has launched a series of new surveys designed to gauge the sentiment of Canadians toward home ownership during the COVID-19 pandemic. The survey will be run four times over 24

Residential Market Commentary – Home sales fall, debt worries rise

The latest statistics from the Canadian Real Estate Association are stark but they should not be surprising. April sales hit a 36-year low, down nearly 57% from a month earlier and down almost 58% year-over-year. As with March, though, average