Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
Toronto, Vancouver weigh on housing starts in first half of year: CMHC + MORE Sep 10th
Canada Mortgage and Housing Corp. says growth in overall housing starts was flat during the first half of the year compared with 2024, though there were significant regional differences..... More »
Housing starts stable in 2023, but demand still outpaces growing supply of apartments + MORE Mar 28th
The Canada Mortgage and Housing Corp. says construction of new homes in Canada’s six largest cities remained stable at near all-time high levels last year, driven by a surge of new apartments—despite demand still outpacing supply for rental housing.
The agency released its biannual housing su.... More »
Mortgage Digest: Bond yields whipsaw, but fixed rates still have room to fall + MORE Apr 12th
Canadian bond yields have swung sharply in recent weeks, adding uncertainty to the outlook for fixed mortgage rates..... More »
Opinion: When another refinance may be the wrong answer + MORE Jun 20th
As equity shrinks and household debt rises, some homeowners are finding that another mortgage may only delay a deeper financial reckoning..... More »
Latest in mortgage news: Borrowers must adapt to ‘new normal’ of higher rates, says Macklem + MORE Jun 17th
Interest rates may slowly start to be easing around the world, but they won't be returning to pandemic levels and borrowers will need to adjust accordingly..... More »
When does it make sense to sell real estate in a larger city and buy in a smaller one?
– moneysense.ca
Q. I am currently living in Saint John, NB, and renting ($1,450 a month + Internet—very expensive for this little town). I also own a condo in Burlington, Ont., worth about $500,000, which I have been renting out for the past two years. With income taxes factored in, the rent just covers carrying costs.
Recently, my tenant gave notice, and I started a permanently remote job—so I have essentially no geographic ties, and I’ve become very fond of Saint John. I’ve been thinking that if I sold my condo, I could be mortgage-free here. But people keep warning me that if I leave the real estate market in Ontario, I will never get back in.
With inflated housing prices, higher taxes and historically slower real-estate turn around, is buying in New Brunswick a wise investment? As a single homeowner with an income of $80,000 per year, I am extremely limited in Southern Ontario.
–Alison
A. Although the decision to buy in Saint John and sell in Burlington are related, Alison, I would be inclined to consider the two independently…
Recently, my tenant gave notice, and I started a permanently remote job—so I have essentially no geographic ties, and I’ve become very fond of Saint John. I’ve been thinking that if I sold my condo, I could be mortgage-free here. But people keep warning me that if I leave the real estate market in Ontario, I will never get back in.
With inflated housing prices, higher taxes and historically slower real-estate turn around, is buying in New Brunswick a wise investment? As a single homeowner with an income of $80,000 per year, I am extremely limited in Southern Ontario.
–Alison
A. Although the decision to buy in Saint John and sell in Burlington are related, Alison, I would be inclined to consider the two independently…
