General Faisal Malik 27 Feb

When I started working as a broker in 2005, the mortgage industry and the financial industry in general weren’t very eco-friendly. Let’s face it. When someone buys a home, there’s a paper trail. Starting with the mortgage pre-approval which can run four pages,  the Offer to Purchase, which is another 12 pages, income documents, notices […]

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Canadian Home Sales Slide In January Led By Greater Golden Horseshoe

Latest News Faisal Malik 22 Feb

It is no surprise that housing activity slowed in January following a pulling- forward sales surge as homebuyers hurried to purchase before the mortgage rule changes in 2018. The January 1 implementation of the new OSFI B-20 regulations requires that uninsured mortgage borrowers be stress-tested at a mortgage rate 200 basis points above the contract […]

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