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!
Latest News

Could a line of credit impact my mortgage application? Nov 16th

Prospective house hunters and those looking to refinance an existing mortgage should consider the impacts of their lines of credit on their mortgage application. That’s because lenders take non-mortgage debt, including line of credit payments, into account when determining how much you can afford .... More »

7 smart strategies for first-time home buyers + MORE Nov 19th

If you’ve been thinking about buying a house, you may be wondering how you’ll know when it’s “the right time.” If you don’t have a 20% down payment saved up, is it still OK to consider buying? If you can’t afford your forever home, should you still jump into ownership now? And does the.... More »

The Sea Change in Canadian Mortgage Insurance + MORE Dec 2nd

Few realize how dramatically Canada’s mortgage insurance market has changed..... More »

Residential Mortgage Credit Risk Has Risen “Only Modestly,” Says OSFI Nov 25th

The head of the agency charged with overseeing Canada's federally regulated lenders said today that residential mortgage credit risk has risen "only modestly.".... More »

What is a mortgage?


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. 

Get the mortgage rate that works for you.Find the best rate for you in under 2 minutes at Let’s get started.I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

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…

Continue Reading On »

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

Continue Reading On »

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

Continue Reading On »


Compare insurance quotes through - save time and money!