Canadians Not Deterred By Homeownership Obstacles Sep 6th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News

Renewal Rate Shock Diminishing, Says BoC + MORE Nov 9th

Falling mortgage rates over the course of 2019 have reduced the rate increase shock for those renewing a mortgage. While those renewing a mortgage this year are still locking in at a rate higher than their previous rate, that increase is quickly declining, according to data from the Bank of Canada. .... More »
 home loans

Retired? No mortgage for you: How the stress test is making it tougher to borrow later in life Nov 6th

Many people are shocked to discover that the amount they can borrow decreases drastically when they retire because the stress test looks at your income..... More »
 bank mortgage

Buying a home? Here’s how to decide how much to put down Oct 22nd

Should you put the minimum down, leaving you more for moving expenses or the maximum to reduce your mortgage payments?.... More »

Good debt and Bad debt…. do we Canadians recognize the difference? Oct 25th

I saw this article from earlier this year about Good debt and Bad debt.  Canadian Personal debt levels have now surpassed $2.21 trillion.  That’s a big number, should we be concerned?  I started to wonder how much of this is Bad debt?  Let’s take a closer look at these stats. First.... More »

Latest in Mortgage News: New Immigrants Driving Housing Demand Oct 28th

The growing demand for real estate in Canada is being driven largely by newcomers, who are making one out of every five home purchases in the country, according to a new survey. New immigrants to Canada (defined as those who have arrived within the last 10 years) represent 21% of homebuyers and are .... More »
Those dreaming of homeownership face a long list of obstacles: high prices, low supply and ever-changing mortgage rules and qualification requirements, to name a few. But that hasn’t shaken Canadians’ desire to have a place to call their own, according to the latest consumer survey from Mortgage Professionals Canada. For those who already own a […]

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