mortgage

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

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

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

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