https://financialpost.com/real-estate/risk-shifts-to-shadows-in-canadas-whac-a-mole-housing-market Despite the expectation that MICs will see more business, McKitrick said the big financial institutions will adapt to new regulations to keep lending. Shawn Stillman, a mortgage broker at Mortgage Outlet Inc., said banks could lower their mortgage rates so homebuyers would still qualify under the new stress-test rules. “The bank doesn’t care because […]

  https://www.mortgagebrokernews.ca/news/toronto-brokers-react-to-latest-sales-stats-226408.aspx “I think there’s no reason to panic. I think what you have to do is take a real look at the market and if you’re buying long-term, realize you’re never going to buy at the bottom of the market,” Shawn Stillman, director and principal broker with Mortgage Outlet, told MortgageBrokerNews.ca. “If you find […]