Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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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 »
The Latest in Mortgage News – The Stats Are In Apr 30th
There have been a number of reports released over the past few weeks that have provided some interesting insight into the state of the housing and mortgage markets. New reports have touched on everything from 2018 renewal rates, foreign buyer statistics and credit quality to the latest financial cru.... More »
The best 5-year fixed mortgage rates in Canada May 24th
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
10 ways to save more and pay down your debt + MORE Nov 27th
1. Set a goal
If you’re serious about saving you need to set a goal so you know what you’re saving for. Whether it’s a trip to Japan you hope to take in a few months or saving for retirement, having a very specific goal will help you stay motivated and on track.
2. Track your dollars.... More »
What To Expect in 2023 Jan 6th
Happy new year everyone! I hope everyone reading this took some time to reflect and recharge over the holiday season. There was a lot of negativity swirling around in 2022, and I’m sure a lot of you needed a break from it all. I sure did. It’s easy to get swept up in all of the doom-and-gloom. B.... More »
HomEquity’s New Reverse Mortgage Certification Program
– canadianmortgagetrends.com
As reverse mortgages become more mainstream, it will become increasingly important for mortgage brokers to master their intricacies. To assist in that, HomEquity Bank has launched a new reverse mortgage certification. The Mortgage Broker Direct program is a no-fee certification process that provides approved brokers with: a professional designation as a Certified Reverse Mortgage Specialist 2.5 continuing education (CE) credits, and specialized marketing support. Certified brokers will have two products available to them: HomEquity’s classic CHIP Reverse Mortgage and the Income Advantage (which is the more flexible of the two). HomEquity Bank says more than 500 brokers have already been certified in the program, and it expects another READ MORE
I’m Mortgage-Free By 30 – Here’s How
– ratesupermarket.ca
In August 2012 I bought my first house – a beautifully renovated three-bedroom bungalow with a basement apartment. I was thrilled to have finally become a homeowner, having spent two years searching for a detached house in Toronto, Canada’s second-priciest housing market. It cost me $425,000 and I made a sizeable down payment of $170,000. That left me with with a $255,000 mortgage – an amount I’m proud to say I have paid off in full as of today, September 22! You read that right – I’ve paid my mortgage down to zero in just over three years, all before turning the ripe old age of 31!
Reaching My Mortgage Goal
It’s been a long journey to mortgage freedom. Last summer I set the ambitious goal of paying off my mortgage by age 31 (I had originally aimed to pay it off before Star Wars: the Force Awakens hits theatres on December 18) – and have managed to do so, three months ahead of schedule! To celebrate, I’m throwing a mortgage burning party to thank my friends for their support…
