mortgage affordabililty

There are many steps involved in the homebuying process but the most important step is the first one: The mortgage pre-approval. It may sound like a less-than-exciting first step but it’s an essential one. Not getting … Read More

Becoming a homeowner is a life-long dream for many Canadians but as with all new experiences, there’ll be uncertainty and you may even second guess yourself once or twice. You’ll be interviewing realtors, looking at homes, … Read More

The biggest news of the new year: Home ownership is going to get even more expensive as interest rates go up and new federal rules take effect. But that’s not all — here are some personal … Read More

Housing was undoubtedly the hottest topic in the news this year, particularly around prices and affordability as Canada’s central bank raised interest rates twice, higher premiums on mortgage insurance were introduced, and a tougher mortgage stress … Read More

Bidding wars are becoming more and more common in hot housing markets, and buyers have to get creative to come out on top. As the average price for a single-detached house in Toronto and Vancouver continues … Read More

Here are some of the stories that caught our eye this week:

Here are some of the stories that caught our eye this week:

If you’re considering a mortgage with RBC, you may be curious what your mortgage payment will look like. To calculate your payment with RBC’s mortgage calculator, you’ll need to know the following: the price of the … Read More

When I wrote the article about why my wife and I didn’t spend more than $450,000 on a home, I wasn’t sure what kind of reaction I’d get. I knew we did the right thing as … Read More

The Office of the Superintendent of Financial Institutions (OSFI) says it has enhanced its supervisory oversight of mortgage lenders due to increased risks.