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
 property

Can you get a mortgage if you’re self-employed? It’s not easy, but it’s not impossible + MORE May 16th

With determination and good planning, you can jump through the extra hoops and get that house, Lesley-Anne Scorgie writes..... More »

Mortgage industry reps provide feds with proposals to address housing affordability Nov 13th

Representatives from Canada's mortgage industry presented the federal government with several proposals they say will help address the country's housing affordability crisis..... More »

Bloom unveils new home equity prepaid Mastercard as novel way for seniors to fund retirement + MORE Mar 16th

A first-of-its-kind product by Toronto-based Bloom Financial is offering an innovative solution for seniors struggling to fund their retirement in the face of rising costs..... More »

The latest in mortgage news: record population growth to keep upward pressure on home prices + MORE Jul 21st

Canada's expected population growth will worsen the already limited housing supply and result in even higher home prices, according to a new report.... More »

RBC and NBC are the latest big banks to hike fixed mortgage rates + MORE Jun 3rd

RBC and National Bank became the latest Big 6 banks to increase their posted fixed rates this week, following previous increases by BMO and CIBC..... More »
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 »

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 »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!