mortgage payments

Canada’s mortgage stress test makes a big difference to how much you can borrow. Here’s everything you need to know about the mortgage stress test.

The situation surrounding the COVID-19 pandemic is unfolding rapidly, and it could affect your ability to pay your mortgage. Here’s what you need to know.

Mortgage deferrals aren’t free – they can add thousands of dollars to your total mortgage cost. Here’s how much COVID-19 mortgage deferral could cost.

Many first-time homebuyers have similar questions when it comes to mortgage rates and the steps to buy a house or property. One of the most common sources of confusion surrounds the difference between mortgage pre-qualification, pre-approval, … Read More

Canadians are carrying record amounts of debt. The household debt-to-income ratio rose to a record high of 174% in the second quarter of 2019, according to Statistics Canada. At the same time, Canadian households owed more … Read More

Note: This article may be of heightened interest to Canadian’s during the current COVID-19 pandemic. The current situation is unfolding rapidly, and this article contains general information only. For up to date information on missing payments during the … Read More

CIBC is one of the largest banks in Canada, which is why you probably have many family members and friends who have a mortgage through this lender. If you ask any of them whether you should … Read More

Rumour has it mortgage rates could be going up. The Bank of Canada (BoC) has dropped some hints a hike to the overnight rate (the main policy interest rate in Canada) could be coming. The overnight … Read More

BMO Bank of Montreal has long been considered one of the top banks in Canada and is often one of the first choices for homebuyers looking to secure a mortgage. But what’s it like actually obtaining … Read More

As one of the Big Five banks in Canada, Scotiabank is the first place many Canadian homebuyers turn when it comes to getting a mortgage. Whether it’s because they’ve done their banking with this institution for … Read More