When your current mortgage term reaches its maturity date, you’ll need to renew the outstanding balance for another term. This is a process you’ll likely do a number of times until you pay off your mortgage … Read More
mortgage
-
-
“We’re in a rising rate environment,” we’ve been told over the past 12 months. And while that’s certainly been the trend — the best five-year fixed rate has been steadily climbing since a low of 2.24% … 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
-
Shopping for your home as a first-time homebuyer can be daunting and stressful; the Canada Mortgage and Housing Corporation agrees. That’s why the Crown Corporation releases an annual mortgage consumer survey. “Shopping for a mortgage can … Read More
-
No one likes debt, especially when they’re carrying hundreds of thousands of dollars of debt in the form of a mortgage. Most financial pundits will argue that you should pay it down as quickly as possible. … Read More
-
You may have heard stories about young people leaving cities in search of more affordable housing. A recent study shows the city of Toronto lost 142,000 more people than it attracted from 2012 to 2017 as … Read More
-
Over the past decade, the Canadian government has implemented several mortgage rule changes aimed at tempering housing demand and safeguarding home buyers from over-extending themselves. Each time, the respective measures are meant to cool ever-increasing home … Read More
-
Becoming a homeowner changes many aspects of your life and your finances. Your living expenses will usually increase as you pay for more than just a monthly rent payment. You’ll have to worry about (and budget … Read More
-
Renting an apartment or home is an excellent option and makes sense in many situations. But perhaps you are tired of leasing and want to lay down some roots. You’ve decided to start saving for a … Read More
-
The Spring housing market is coming to a close, which means one of the best times to buy a home is right around the corner. Things settle down for the summer after the flurry of activity … Read More