Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Retired? No mortgage for you: How the stress test is making it tougher to borrow later in life Nov 6th
Many people are shocked to discover that the amount they can borrow decreases drastically when they retire because the stress test looks at your income..... More »
The growing demand for real estate in Canada is being driven largely by newcomers, who are making one out of every five home purchases in the country, according to a new survey. New immigrants to Canada (defined as those who have arrived within the last 10 years) represent 21% of homebuyers and are .... More »
Should you put the minimum down, leaving you more for moving expenses or the maximum to reduce your mortgage payments?.... More »
It’s been almost a couple of years since the mortgage stress test came into effect. So, we thought it was the perfect time to revisit it and clear up any confusion. The mortgage stress test took effect January 1, 2018, affecting how much mortgage money Canadians are able to borrow towards.... More »
The internet is great for researching infomation, ratings and even advice. With so much available data, it’s hard to decide which is accurate, reliable or even truthful.
Take this site for example. If this is your first visit then you may not be aware of all my credentials nor how accurate my information or recommendations are.
You’re probably making a decision right now. That’s how fast we decide today. I’ve either got your attention or I don’t. Hello to those that continue, or farewell and thanks for stopping by to those that are leaving. (By the way, stick around, you may find this useful).
I created this site in 2009 out of pure frustration. I was seeing new mortgage information sites pop up that were giving horrible, inaccurate advice. This was at a time when mortgage information sites were just being introduced. Publications like The Globe and Mail and the National Post began quoting a few of these sites. Yet, these jokers had little to no experience in the mortgage or financial services fields; they were fresh out of school or coming out of some technical business…