Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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How much credit card debt does the average Canadian have? + MORE Sep 23rd
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Downsizing vs reverse mortgage: which option is right for you? + MORE Feb 3rd
For many Canadians approaching retirement, their home is by far their largest asset. With detached homes in major cities selling for well above $1 million, it’s not surprising that owners expect to tap into that equity to help fund their golden years, prompting the common refrain: “My home is my.... More »
Can you get a mortgage if you’re self-employed? It’s not easy, but it’s not impossible + MORE May 16th
With determination and good planning, you can jump through the extra hoops and get that house, Lesley-Anne Scorgie writes..... More »
What is a mortgage broker? Oct 17th
Mortgage brokers are a highly regulated specialized alternative to Canada’s big banks. But what is a mortgage broker exactly? And, When it comes to the purchase of your home, why would you choose a broker over a mortgage specialist at your bank?
Get the mortgage rate that works for you.Fin.... More »
How much you need to earn to afford a home in Toronto and the GTA + MORE Mar 22nd
Looking at the Toronto housing market through a lens of percentages, shifting sales numbers and interest rates may be the go-to method for industry insiders, but for many run-of-the-mill buyers, there’s really one thing that matters: “What kind of home can I afford?”
To help answer that que.... More »
Reverse mortgages are cheaper than ever. Should you use one to tap into your home’s equity?
– thestar.com
A reverse mortgage allows you to tap into the rising value of your home without selling it, writes David Aston. But watch out for the penalties and fees.Bond Yields and Fixed Rates Falling Further on Coronavirus Fears
– canadianmortgagetrends.com
It was an unusually rough Monday for countless investors as the TSX plunged more than 280 points on fresh coronavirus fears, which in turn is pushing fixed mortgage rates down further. With new outbreaks of the virus reported in Italy, South Korea and Iran, the World Health Organization appears ever closer to declaring the outbreak officially a pandemic. That had investors fleeing stocks and heading towards the safety of bonds, which drove bond yields down to near six-month lows. Bond […]
