Fixed-Rate Increases Costing Today’s Homebuyers Over $10,000 More in Interest + MORE Nov 13th

Interested in learning more about property mortgages in Canada? Look no further!

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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 »

How to protect yourself from identity fraud in Canada + MORE Mar 31st

In 2024, Canadians lost a jaw-dropping $638 million to fraud, according to the Canadian Anti-Fraud Centre (CAFC). That’s already a hefty $60 million more than losses reported the previous year, but the true total is likely much, much higher—experts at the CAFC say that less than 5% of scams are .... More »

Inside RBC’s acquisition of mortgage fintech Pinch Financial Mar 13th

The Toronto fintech will gain access to RBC’s infrastructure and 17 million clients, but says its platform will remain open to non-RBC partners..... More »

Where to Buy Real Estate in Canada 2026: Calgary + MORE Apr 30th

When most people think of Calgary, they picture cowboys and oil. They’re not wrong, but they’re about a decade behind. Since 2018, Calgary’s tech sector has grown by 78%. The city’s food scene spans everything from Ethiopian and Korean spots to farm‑to‑table restaurants,.... More »

OSFI leaves mortgage stress test in place, reaffirms LTI limits for lenders + MORE Jan 29th

OSFI offered no new direction on the qualifying rate, but reiterated that loan-to-income caps for uninsured mortgages remain in place and opened a new six-month consultation tied to its broader guidance review..... More »

What is a mortgage?

– moneysense.ca

Mortgage negotiations can be overwhelming, especially for first-timers. If you’re wondering about mortgages—how they work, what types of mortgages exist, who can apply and how to get approved—you’ve come to the right place.

Mortgage: the simple definition

In its simplest form, a mortgage is a loan used to buy a home or property. Like other loans, each comes with its own interest rate, amortization (repayment) schedule and other terms. With a mortgage, the home itself is used to secure the loan. This means if the mortgage holder fails to make payments, the home could be repossessed by the lender.

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Not all mortgages are built the same, so it’s important to find a mortgage that works for you and your situation. At the beginning of the application process, you should educate yourself about the following variables:

Repayment term: The amount of time you have to repay your mortgage…

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Housing Affordability Worsens, Time Needed to Save for a Down Payment Increases

– canadianmortgagetrends.com

Even before fixed mortgage rates started rising last month, housing affordability continued to deteriorate in the third quarter.

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Fixed-Rate Increases Costing Today’s Homebuyers Over $10,000 More in Interest

– canadianmortgagetrends.com

Fixed mortgage rates have been climbing steadily since September. But by how much at what cost for new homebuyers?

Continue Reading On canadianmortgagetrends.com »

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