I missed a mortgage payment. What happens now? + MORE Sep 20th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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Can I afford to buy a second home? + MORE Sep 26th

There are plenty of reasons you may want to buy a second home. Maybe you’d like a second property for a family member to live in (e.g., your daughter while she attends university) or a condo to stay in during the week when you’re working downtown. But can you afford it? “Before you buy.... More »

The latest in mortgage news: OSFI unveils minor changes to insurer capital adequacy test + MORE Sep 29th

Canada's federal banking regulator unveiled revisions to its Mortgage Insurer Capital Adequacy Test for insured variable-rate mortgages..... More »

How much credit card debt does the average Canadian have? + MORE Sep 23rd

As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
I missed a mortgage payment. What happens now?If you skip one month’s mortgage payment, then resume scheduled payments for six months, all six of those payments may be considered late.

Continue Reading On thestar.com »

Mei and Harold are 27 and make $235,000 a year. They’re now paying $5,000 a month on their variable mortgage — and they’re getting worried‘These recent rate hikes have really affected our ability to spend and save,’ Mei explains. ‘We are concerned about how this will continue to affect our finances, and ability to plan for the future.’

Continue Reading On thestar.com »

Quebec homebuyers and mortgage brokers looking to sign documents will now be required to draw up the originals in French, regardless of whether any of the signatories speak it.

Continue Reading On canadianmortgagetrends.com »


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