City News Everywhere presents a blog post by Craig Wong of the Canadian Press addressing the option of extending your mortgage period as interest rates rise. A potentially interesting option – but one that comes with a price. Details here.

In light of the Bank of Canada’s hike of the mortgage rates – the most recent increase being just yesterday (June 1) CTVNews.ca has put together a good blog post on factors to consider when looking at fixed vs variable mortgage rates. Click here for the blog post and the video.

We all like to think we’re real estate experts! Most of us keep up to date with trends and news about the housing market, but how much do we really know about the home buying process? While it’s always important to use a REALTOR® when buying or selling a property, knowing about the different terms along the way can help you feel more comfortable during the buying or selling process.

Think you know a lot about real estate terms? Take this quiz, created by Meagan Kelly for Realtor.ca, to see if that’s true!

Click here to start.

Equifax Canada reports an average increase of 21.4 percent on mortgages this year to last years. Read more here.

Ottawa will be bringing change to the mortgage stress test in April 2020. As stated in Ottawa Matters: Finance Minister Bill Morneau says the government wanted to make the stress test more dynamic to market conditions.