Home / Mortgages / Opinion: Think twice before handing your mortgage to a bank adviser + MORE Oct 7th

Opinion: Think twice before handing your mortgage to a bank adviser + MORE Oct 7th

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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property mortgage

Beyond home prices: What the new CMHC affordability index reveals about Canada + MORE Apr 24th

Take a look at just about any housing affordability index in the country and you’ll notice something pretty quickly: they almost always focus exclusively on home prices and mortgages. Rental units simply aren’t included. The Canada Mortgage and Housing Corporation (CMHC) has acknowledged this.... More »
bank mortgage

Haventree Bank launches direct-to-consumer digital bank + MORE Jul 8th

The Schedule 1 bank is rolling out a new consumer deposit platform, marking a major move beyond broker-distributed mortgages and brokered deposits after more than three decades in the alternative lending space..... More »
home equity

We’re 10 years apart. Can we retire together? + MORE Feb 26th

Ask MoneySense My wife and I plan to retire at the end of 2027. I am 63 and my wife is 53. All our investments are split 50/50 between RRSPs and LIRAs for a total of about $1,450,000. We anticipate needing about $110,000 a year after tax in retirement. We have a line of credit, and we are paying it .... More »
property

Mortgage Expert alert: Why Canadian housing seems unaffordable in 2026: A 35-year real estate disconnect + MORE Jun 5th

The dream of home ownership in Canada appears distant in today’s mathematical reality. Housing costs account for nearly 30% of household income. Older generations survived 12–18% interest rates in the 1980s and early 1990s. At the time, home prices equaled two or three years of household income..... More »
Canada mortgage

Clock ticking for Ontario mortgage brokers to complete required training + MORE Feb 13th

More than 17,000 agents and brokers must log mandatory training hours — including a new professional development requirement — with FSRA by March 31 to renew their licences..... More »
Toronto-area home sales rose in September while prices continued to decline, as the city’s real estate board says the market could continue heating up amid ample choice and lower borrowing costs.

The Toronto Regional Real Estate Board said the 5,592 homes sold last month was up 8.5% from September of last year, and up 2% on a seasonally adjusted basis from August. The rise in sales came as the average selling price was down 4.7% from last year to $1,059,377, and the composite benchmark price was down 5.5% in September. Compared with August, the average selling price ticked up 0.2%. 

“The Bank of Canada’s September interest rate cut was welcome news for homebuyers,”  said TRREB president Elechia Barry-Sproule in a press release. “With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs.” 

The central bank cut its benchmark rate by a quarter-percentage point to 2.5% on Sept. 17, breaking a streak of three consecutive holds since March…

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Opinion: Think twice before handing your mortgage to a bank adviserEvery now and then, something happens in this business that really drives home an important lesson, and this time, it’s about how trusting the wrong person with your mortgage file can cost you a great deal.

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