Pre-approval

It’s been a tumultuous few years for housing prices. The national average hit a high of $816,720 in February 2022, as record-low mortgage rates drove buyer demand. Once the Bank of Canada started hiking interest rates in March 2022, though, price growth quickly chilled.

On the market to buy a home? Purchasing a home in Canada requires plenty of preparation – both mental and financial.

Becoming a homeowner is a quintessential part of the Canadian dream; 66.5% of Canadians owned their home as of 2021, and for most of them, that property represents their largest financial asset. I

You’ve got your mortgage pre-approval in hand, and you’re ready to embark on your house hunt – but then you find a home that pushes the limits of the loan you’ve been offered.

Along with our red-hot housing market and historically low Canadian mortgage rates, another trending topic in the news and in conversations around …

While the process of applying for a mortgage hasn’t changed significantly in 2021 (besides becoming a little more online friendly), a lot has changed about getting a mortgage during COVID-19. In particular, there are extra considerations … Read More