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.
Latest News
Reverse mortgages are booming amid Canada’s turbulent rate environment + MORE Jan 31st
High rates haven't stopped Canadians from tapping their home equity by way of reverse mortgages..... More »
How to protect yourself from identity fraud in Canada + MORE Dec 15th
In 2024, Canadians lost a jaw-dropping $638 million to fraud, according to the Canadian Anti-Fraud Centre (CAFC). That’s already a hefty $60 million more than losses reported the previous year, but the true total is likely much, much higher—experts at the CAFC say that less than 5% of scams are .... More »
Contribute to RRSP or pay off mortgage? + MORE Oct 14th
Ask MoneySense
We have a small mortgage, only $80,000, coming up for renewal. We have some money (approximately $25,000) that we can either put on the mortgage or invest or put into our RRSP. What is the best way to go?
—Linda
Which should Canadians prioritize: RRSP or mortgage?
Most of .... More »
Mortgage borrowers to see payments increase by 20-40% at renewal: Bank of Canada May 19th
The Bank of Canada says it it concerned about the ability of households to service their debt, particularly as mortgage holders are facing payment increases of up to 40% at renewal..... More »
Could a home-based business affect your mortgage? May 27th
Registering a business at your home may seem harmless, but it can raise questions for lenders, insurers and municipalities. Here’s what homeowners should know before using their home address for business purposes..... More »
I missed a mortgage payment. What happens now?
– thestar.com
If you skip one month’s mortgage payment, then resume scheduled payments for six months, all six of those payments may be considered late.
‘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.’How Quebec’s Bill 96 could impact English-speaking homebuyers
– canadianmortgagetrends.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.
