How retired parents can use the FHSA to help their adult children + MORE Mar 26th

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

Latest News

Opinion: Mortgage loyalty isn’t given, it’s earned + MORE Feb 5th

Jill Moellering shares why clients aren’t just chasing the lowest rate—they’re looking for trust, service, and the right mortgage for their needs..... More »

Canadian bond yields rebound sharply, sending some mortgage rates higher + MORE Jul 2nd

After being on a downward path for the past two months, Canadian bond yields have reversed course and are once again on the rise..... More »

Does it make sense for a young person to have life insurance? + MORE Nov 24th

Buying life insurance in your 20s can feel like an added cost to an already long list of expenses. But experts say it can safeguard loved ones if life doesn’t go as planned. Do young Canadians need life insurance? There can be a “very high temporary insurance need” for younger Canadians,.... More »

2024 housing market and interest rate forecasts + MORE Dec 28th

2023 was a year that tested the resilience of Canadian mortgage holders. And as we look forward, there's optimism that 2024 will be the year of rate relief..... More »

Fixed mortgage rates may not follow Bank of Canada cuts, former TD economist warns + MORE Nov 12th

While plenty of consumers believe the Bank of Canada’s steady interest rate cuts will drop mortgage rates meaningfully across the board, economist Don Drummond isn't so sure that prediction applies to fixed rate mortgages..... More »

How retired parents can use the FHSA to help their adult children

– moneysense.ca

If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one.

However, many retirees—including me—have grown children struggling to get onto the first rung of the real estate ladder. Coming up with a down payment is still difficult. Home prices have fallen since interest rates started to rise in 2022, but mortgage affordability is still an issue for many young Canadians just starting out in their careers.

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense. Just close the tab to return.

All of which makes the new first home savings account (FHSA) timely: Scheduled to debut on April 1, 2023, the FHSA is a much-talked about financial product right now. See some excellent blogger commentary on the topic, notably this one from Dale Roberts’ cutthecrapinvesting…

Continue Reading On moneysense.ca »

Mortgage activity in Quebec fell 16% last year amid higher rates

– canadianmortgagetrends.com

Rising interest rates, compounded by stricter qualification rules, led to a 16% decline in mortgage activity in Quebec last year.

Continue Reading On canadianmortgagetrends.com »

Not sure what the best mortgage rates in Canada are? Be sure to get the best rates possible – Visit our Mortgage page for details.

Share