mortgage

The Bank of Canada today (March 13 2020) announced that it is lowering its target for the overnight rate by 0.50%, to 1.25%.

Having your mortgage renewal denied is painful, whether it’s from your current lender or a new lender. Here’s what to do if your mortgage renewal is denied.

Shared equity mortgages are a new idea to increase housing affordability in Canada. But what is shared equity mortgage, and are they worth it?

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

Do you know the difference between posted rates and discount rates? When getting a mortgage, posted rates can be dangerous – here’s why.

Thinking of buying your first home in the next few years but wondering how you will come up with the minimum 5% down payment? You’re not alone. Saving for a down payment is one of the … Read More

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

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