News & Updates On Your Mortgages & COVID-19

  • CMHC Criteria Changes
    The COVID-19 pandemic is affecting all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely impacting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the next 12 months. In order to protect future home buyers and reduce risk, CMHC is changing
  • Applications For Canada Emergency Response Benefit Starts on Monday – What You Need to Know
    What is the CERB? The CERB is a taxable government payment meant to temporarily help those grappling with job loss or other circumstances that have resulted in sudden loss of income due to the COVID-19 pandemic. It offers $2000 per month and is paid in blocks of four weeks, which amounts to $500 a week.
  • Ontario Updates List of Essential Businesses Effective April 3 2020
    Following advice from Ontario’s Chief Medical Officer of Health, by 11:59 p.m. Saturday, April 4, 2020, businesses that are not identified on this list must close their physical locations. Please Note: Mortgage Brokerages are still permitted to remain open. Following the release of the previous list, MPC asked the Ontario Ministry of Finance to confirm
  • COVID-19 Alternative Closing Service for Refinances
    Dear clients looking to refinance, Please see below for a summary of FCT’s update on their closing service arrangements amidst the COVID19 Pandemic. They have arranged for alternatives to signing in person to support self isolation during this period. This service only applies to clients looking to refinance using FCT as their closing service. Please
  • COVID-19 Government Benefits and How to get them
    The federal government this past week announced a variety of tax measures to help Canadians facing hardship as a result of the COVID-19 outbreak. Here’s a quick summary of the major tax changes affecting individuals. TAX PAYMENT AND FILING DEADLINE You now have until June 1, 2020, to file your personal tax return, which is
  • Mortgage Winners – Changes to Office Hours
    In order to stay socially responsible for our clients and business partners, the Mortgage Winners office will be closed to public until further notice.   Please remain home as much as possible, and practice self isolation as well as social distancing. Wash your hands frequently and avoid touching your face.   By helping each other
    On behalf of Milton Council, I want to thank the provincial government for declaring a province-wide State of Emergency to help protect the people of Ontario from COVID-19. I know this was an important decision that was not made lightly. The State of Emergency is a critical measure to reduce the spread of COVID-19 and
  • Canada’s COVID-19 Economic Response Plan: Support for Canadians and Businesses
    If you’re experiencing difficulty in making your mortgage payments, and are looking for relief. Please contact our team for us to look into options available to you during this time. Canada six’s largest banks have announced they will be allowing the deferral of mortgage payments for up to six months amid the coronavirus pandemic. Bank
  • A note from the Mortgage Winners Team
    The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of