Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Canadians are turning to family—and credit—to stay afloat + MORE Jul 20th
Two new surveys reveal the growing financial strain that Canadians face amid rising costs and stagnant wages.
A report from Mortgage Professionals Canada (MPC) found that 70% of recent home buyers say they couldn’t have purchased their property without financial help. A separate survey by.... More »
Housing affordability challenges leading to increased risk of fraud + MORE Mar 29th
With higher prices and interest rates putting the dream of homeownership further out of reach studies suggest Canadians are more comfortable inflating certain details of their mortgage application — a form of fraud that could have serious legal ramifications..... More »
Bond yields are back on the rise. Will fixed mortgage rates follow? + MORE Jul 27th
Bond yields are back on the rise this week, which observers say could keep upward pressure on fixed mortgage rates if the trend continues..... More »
Mortgage payment calculator + MORE Aug 24th
For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this process. But how do you ensure you get a mortgage that you can actually afford over the long term? That’s where a mortgage payment calculator com.... More »
Mortgage payments are easing overall, but many face renewal stress, TD says + MORE Jul 11th
High-rate renewals are squeezing budgets, but rate cuts and short-term mortgage resets are easing the burden in aggregate, TD Economics says.... More »
During my time as the resident mortgage expert on CP24’s Hot Property TV show, I started using the phrase “drive until you qualify” to describe the advice given to home buyers struggling to get into hot real estate markets. The idea was that you should expand your search from high-priced urban centres to less-expensive suburbs.
In the years since, property prices have continued to rise to record-breaking highs, leading buyers to drive even further from city cores in search of more affordable homes. But now that even small-town prices are reaching new highs, are hour-long commutes enough? Or should “fly until you qualify” be the new mantra for those looking to get into the enticing world of home ownership?
Have we hit a crisis point in Canadian real estate?
Housing affordability seems to be at a crisis stage for Canadians. Economists and financial analysts warn of the Canadian real estate market’s vulnerability, and everyone seems to have an opinion on who or what is to blame…
