Interested in learning more about property mortgages in Canada? Look no further!
Latest News
Fixed mortgages are falling. Experts explain why and weigh in on fixed vs. variable Jun 11th
Both existing homeowners and new homebuyers are benefiting from a drop in interest rates see over the past week..... More »
A TFSA high on weed stock + MORE May 24th
Stella & Mat
Stiver-Balla
AGE: 28 and 32
PLACE: Toronto
TFSA TOTAL: $77,210
STRATEGY: Growth and blue-chip stocks
Me and my TFSA
Four years ago was an important time for Mat Stiver-Balla. In 2013 he married his wife Stella, 28, and he began investing in his TFSA.
Like most young inves.... More »
Canadians Not Deterred By Homeownership Obstacles Sep 6th
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 .... More »
Summary of Housing Promises from Canada’s Main Political Parties + MORE Sep 2nd
Canada’s main political parties have been unveiling housing promises over the past couple of weeks, each outlining how they plan to tackle the predominant housing issue of affordability. The policies include everything from tweaks to the mortgage stress test and crack-downs on foreign purchase.... More »
How to protect your investments if the inflation genie sparks interest rate hikes Jan 19th
Now is a good time to prepare your finances for rising interest rates as they affect everything from the makeup of your portfolio to your mortgage.... More »
D+H Consumer Mortgage Study
– canadianmortgagetrends.com
D+H released some useful new mortgage consumer data last month, and it yielded some surprises. I covered a few of the key findings in this Globe story over the weekend, but below are the stats in more detail. (Our comments in italics.) ******** The study segmented consumers into two types: ‘New’ borrowers, or those originating a new mortgage on a new property Two-thirds of these folks are first-time buyers They tend to be younger, more likely to use a broker, more likely to buy additional products (e.g., Mortgage Insurance, Line of Credit) and more nervous at the beginning of the mortgage process ‘Re/Re’ borrowers, READ MORE
Simple ways to save on a mortgage
– moneysense.ca
Want to shave almost $25,000 off your mortgage? Even little adjustments and small, manageable prepayments can make a big difference when it comes to the interest you pay. Here’s a snapshot of how much interest you can save on a 25-year mortgage just by switching from monthly to accelerated bi-weekly mortgage payments and adding in an extra $1,000 prepayment each year.
Read more from Romana King at Home Owner on Facebook »
The post Simple ways to save on a mortgage appeared first on MoneySense.
Crooked Industry Participants: More Perspective
– canadianmortgagetrends.com
It’s been a tough nine months in the press for mortgage brokers. Off the top of my head, I can think of four headline stories of broker fraud in the major media, including one of the whoppers of all time, the Home Trust fiasco. And now, Canadian Press (CP) has added more tales of broker malfeasance to the public spotlight. (See them here if you haven’t already.) Since most people remember bad more than good, stories like this stick in the nooks of our psyche. That influences some—even if subconsciously– to choose non-broker mortgage providers. What gets lost in this READ MORE
