Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Be Aware of Mortgage Penalties + MORE Nov 9th
Mortgage penalties are probably hated about as much as taxes—but tenfold. Particularly when those penalties reach into the five figures. Take this case of an Edmonton couple that was initially quoted $17,000 to break their five-year fixed mortgage early. But homebuyers need not fall into the trap .... More »
GTA home sales drop 16% in 2018, fewer houses listed: TREB + MORE Jan 5th
The number of homes sold in Toronto and the surrounding area fell in 2018 as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules..... More »
Some banks rethinking strategy on home mortgage competition + MORE Sep 7th
Some Canadian banks say they're starting to question how aggressively they go after mortgage customers amid intense competition..... More »
The latest in mortgage news: BC government unveils details of its proposed home-flipping tax + MORE Feb 27th
The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week's budget..... More »
Canadian bond yields rebound sharply, sending some mortgage rates higher + MORE Jul 2nd
After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise..... More »
Making it all work
– moneysense.ca
(Photograph by Jennifer Roberts)We invited our readers in January to take an active role by writing to us and explaining in a few sentences why they needed a personalized money makeover with a MoneySense Approved Financial Advisor. We got close to 400 letters and, in the end, chose two couples and a single person with financial concerns that anyone can relate to. Click here to learn more.
Samu and Mandy’s financial dilemma
When we first met Sammu and Mandy Dhaliwall earlier this year, the Brampton, Ont. couple was in the middle of finding out just how financially disruptive a growing family could be to a sound financial plan. This year was especially challenging for the Dhaliwalls as they dealt with the competitive challenges of raising three kids under the age of five, while finding a way to pay off their mortgage and save for the future.
Back in 2013, realizing their suburban Toronto home needed extensive basement renovations to create more kids’ play room, they ran up a hefty bill on their line of credit, which stood at $90,000 last spring…
Wrestling through competing priorities
– moneysense.ca
(Photograph by Simon Willms)We invited our readers in January to take an active role by writing to us and explaining in a few sentences why they needed a personalized money makeover with a MoneySense Approved Financial Advisor. We got close to 400 letters and, in the end, chose two couples and a single person with financial concerns that anyone can relate to. Click here to learn more.
Shannon and Marcin’s financial dilemma
Shannon Jarrett and her partner Marcin Duran share a home and domestic life in Hamilton, but as of last March, they were by and large living separate financial lives. They didn’t share bank accounts but they did share expenses. Marcin paid the mortgage and made all insurance and car payments while Shannon paid for everything else to run the household. But regarding budgeting and finances, Shannon and Marcin were often at loggerheads. They wanted—and needed—some common ground to get their goals aligned.
For Shannon, saving was the largest concern. She always put away $200 a month but couldn’t get Marcin to do the same…
