What is co-op housing? They’re not uncommon in Canada, and they might be right for you. Here are some pros and cons of buying a co-op property.
Read articleMortgages
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After two years of steadily rising mortgage rates, it appears stability is on the horizon for borrowers.The historic 10-part hiking cycle from the central – which brought the the Prime rate in Canada to 7.2% and variable rates to around 6% – now appears to be in the rearview, as inflation trends in the right direction.
Read articleFor people who can’t borrow enough to afford a home, having someone co-sign a mortage can help. However, co-signing a mortgage can be risky… here’s why.
Read articleWhen you take out a mortgage, you’ll sign a contract with your lender that outlines the specific features of your mortgage, such as the interest rate you’ll pay, whether it’s open or closed, and any additional perks such as the ability to make accelerated payments, and porting your mortgage.
Read articleOnce upon a time, a million dollars was a kingly sum – enough to set the average person up for life.
Read articleLet’s say you are currently locked into a five-year mortgage term, with two years to go until renewal time.
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