Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Weekly mortgage digest: Canadians are pulling back on borrowing Sep 16th
A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases..... More »
RBC says it’s ready for competitive spring mortgage market and upcoming renewal wave Mar 4th
As the spring mortgage market approaches, Canada's largest bank says it's getting ready for a busy season of mortgage renewals..... More »
Mortgage Digest: Younger homeowners lead the way in paying down mortgage debt Jan 26th
Younger Canadians are outpacing older demographics in reducing their mortgage debt, new research from Statistic Canada has found..... More »
Could a home-based business affect your mortgage? May 27th
Registering a business at your home may seem harmless, but it can raise questions for lenders, insurers and municipalities. Here’s what homeowners should know before using their home address for business purposes..... More »
Canada mortgage renewal shock coming: CMHC - CityNews Vancouver + MORE Nov 10th
Canada mortgage renewal shock coming: CMHC CityNews VancouverBank of Canada warns mortgage borrowers may face higher rates upon renewal CBC News2.2M mortgage holders will face ‘interest rate shock’ in next 2 years: CMHC Global NewsMortgage holders concerned about.... More »
Tools and habits to stay on track with your money goals
– moneysense.ca
In recent years, financial planning has been reduced from a process to a product. The broader financial industry has offered financial plans, often on a one-time basis, and frequently as a prospecting tool. It is not enough to simply have a financial plan that gathers dust. Forward-looking financial planning can help you stay on track and achieve your long-term goals.
What kinds of goals should you be setting?
Many people have the goal of investing their money. But in order to invest, you have to spend less than you earn. Some people start investing too early. It probably makes sense to pay down non-mortgage consumer debt like credit cards first. It also generally makes sense to contribute to your savings (for example, to an emergency fund) before growing your wealth through investing.
If you are saving for retirement, you should try to figure out how much you should be saving. This is based on your expenses, now and in retirement, and trying to work backwards to figure out how much to put aside each month…
50% of variable-rate mortgage holders have reached their trigger rate: BoC
– canadianmortgagetrends.com
Roughly half of all mortgage holders with static-payment variable-rate mortgages have already reached their trigger rate, according to a new report from the Bank of Canada.
Struggling to make mortgage payments? How to avoid the slippery slope that leads to losing your home
– thestar.com
More and more Canadians are having trouble making payments as rates continue to rise. Here’s how to get back on track and make sure you don’t put your home in jeopardy.
