On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usually, mortgages with a 20% down payment do … Read More
While the process of applying for a mortgage hasn’t changed significantly in 2021 (besides becoming a little more online friendly), a lot has changed about getting a mortgage during COVID-19. In particular, there are extra considerations … Read More
The first-time homebuyers’ tax credit allows you to claim back $750 on your tax return after buying your first home in Canada. Here’s what you need to know.
Canadian real estate prices are rising in areas outside of the big urban centres. Statistics Canada reports that growth in large urban centres has slowed during the pandemic. The desire for more space, both inside and … Read More
The RRSP Home Buyers’ Plan lets you use $35,000 of your RRSP for a down payment on a home. But there are other things you need to consider.
If you have a mortgage, then interest rates are extremely important to you! When rates go up, mortgages become more expensive. When interest rates go down, keeping up with a mortgage becomes much easier. The problem … Read More
Getting a mortgage with bad credit is not impossible, but it can be tricky. Here’s how to get a mortgage with bad credit in Canada
Can you borrow for a down payment on a mortgage? The short answer is yes, but it’s not always a good idea. Here’s what you need to know.
Getting a mortgage pre-approval is one of the best things you can do when buying a home. Here are some handy tips when it’s time to get pre-approved.
Should you use a mortgage broker? There are pros and cons to using a mortgage broker, but you definitely need to consider it – they could save you thousands