Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
Renting out your home can bring cash—and complications + MORE May 21st
If you search “Airbnb how to get started” you’ll reach their splash page with a big number. As of May in Toronto, Airbnb says you can make more than $4,000 per month during the FIFA World Cup. It’s a powerful lure for someone who needs help with their rent or mortgage, and has a spare room t.... More »
Lowest mortgage rates rise above 4% as bond yields surge Dec 12th
A sharp rise in bond yields has pushed fixed mortgage rates higher, undoing weeks of declines and signalling a stubborn pricing floor for borrowers..... More »
Celebrating excellence: New inductees join the Mortgage Hall of Fame + MORE Oct 20th
Canada’s mortgage industry came together on Monday night to honour this year’s three newest inductees into the Mortgage Hall of Fame..... More »
Challenges and opportunities for mortgage brokers in the current rate cycle + MORE Sep 13th
The current rate environment presents new hurdles for mortgage brokers while also opening up potential growth opportunities for those able to adapt..... More »
Planning to use your home equity in retirement + MORE Jun 2nd
How much of your net worth is wrapped up in your home? According to Statistics Canada, the median net worth for senior families in 2023 was $1,109,700. The most common type of asset for Canadians was a family home, with a median value of $500,000.
Since home equity makes up such a significant all.... More »
During my time as the resident mortgage expert on CP24’s Hot Property TV show, I started using the phrase “drive until you qualify” to describe the advice given to home buyers struggling to get into hot real estate markets. The idea was that you should expand your search from high-priced urban centres to less-expensive suburbs.
In the years since, property prices have continued to rise to record-breaking highs, leading buyers to drive even further from city cores in search of more affordable homes. But now that even small-town prices are reaching new highs, are hour-long commutes enough? Or should “fly until you qualify” be the new mantra for those looking to get into the enticing world of home ownership?
Have we hit a crisis point in Canadian real estate?
Housing affordability seems to be at a crisis stage for Canadians. Economists and financial analysts warn of the Canadian real estate market’s vulnerability, and everyone seems to have an opinion on who or what is to blame…
