Wayne Mah

Senior Mortgage Planner

  • Tighter mortgage rules coming tomorrow

    According to multiple news reports Finance Minister Jim Flaherty is expected to announce new rules for mortgage financing in Canada in hopes of preventing households from getting into trouble when interest rates rise. The early reports speculate that there will be a “means test” for insured mortgages and possibly reducing the maximum amortization from 35

  • Top tips to maintain your credit rating

    Everyone knows that they should maintain a good credit rating in order to qualify for loans. In some cases it will also help get you a “preferred” lower rate. However, how to achieve and keep a good rating continues to be a mystery to many people. I often hear “My credit rating should be good

  • Tighter Mortgage Rules Closer Than We Think?

    In an article in the Globe and Mail on Saturday, it was reported that the heads of the big six banks in Canada held private talks with policy makers to urge them to tighten mortgage rules fearing a “U.S. style binge-and-collapse in housing”. This latest article seems to add to what I wrote about in