Can you get a mortgage if you’re self-employed? It’s not easy, but it’s not impossible + MORE May 16th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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 home loans

How much you need to earn to afford a home in Toronto and the GTA + MORE Mar 22nd

Looking at the Toronto housing market through a lens of percentages, shifting sales numbers and interest rates may be the go-to method for industry insiders, but for many run-of-the-mill buyers, there’s really one thing that matters: “What kind of home can I afford?” To help answer that que.... More »

Can you pay off your debt while saving for retirement? + MORE Sep 2nd

Ask MoneySense We are a blended family. My husband, at 50 years old, owns a home with a $330,000 variable-rate mortgage. He rents it out for $3,400 per month, which covers the mortgage plus about $1,000. He’s also maxed out his $50,000 line of credit. He has $200,000 in an RRSP and has a company p.... More »

Even with expected rate cuts, mortgage payments will continue to rise for years: BoC research Jan 9th

Despite anticipated Bank of Canada interest rate cuts later this year, mortgage borrowers will continue to face higher debt-servicing costs for several years..... More »
 bank mortgage

How much is the average mortgage payment in Canada? + MORE Aug 12th

There’s a cost-of-living crisis affecting many Canadians in 2023. Despite inflation falling to 2.8% in June, the run-up in prices of 2022 and early 2023 have made many staples, including groceries, unaffordable for everyday people. Meanwhile, the Bank of Canada’s (BoC) efforts to bring infla.... More »
 property

Making sense of the markets this week: September 24, 2023 + MORE Sep 23rd

Allan Small, Senior Investment Advisor at the Allan Small Financial Group with iA Private Wealth, shares financial headlines and offers context for Canadian investors. No surprise: Canada’s inflation rate ticked up in August Canada’s annual inflation rate jumped to 4% in August, up from 3..... More »
Can you get a mortgage if you’re self-employed? It’s not easy, but it’s not impossibleWith determination and good planning, you can jump through the extra hoops and get that house, Lesley-Anne Scorgie writes.

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Srivindhya Kolluru: Private mortgages are on the rise — despite borrowing costs as high as $100,000 a year. Are they a good idea?Expert says homeowners need to ensure they have an exit plan in place, as a private mortgage comes with significant costs and risks for borrowers — and lenders

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