Refinancing your mortgage can be an excellent source of financing to consolidate debt, complete a home renovation or to send your children to post-secondary education. In Canada, you can refinance your mortgage up to a loan-to-value ratio … 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
When you bought your first home, it was so exciting. When you got the keys and opened the door for the first time, it was like opening the door to your own private kingdom. But as … 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
Zoocasa, an online brokerage, recently reported on the relationship between the GO Transit system and housing prices in proximity to its train stops. With so many in the Greater Toronto Area pushed out of the downtown … Read More
You’ve probably heard this a few times before: Paying rent in Toronto is just lining someone else’s pockets for absolutely no gain. Why bother wasting time and money on renting a place in Toronto when everyone’s … Read More
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
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
“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
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