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
A $200,000+ income is now needed to qualify for an average mortgage in Toronto & Vancouver Dec 22nd
High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage, driving RBC's affordability measure to its worst-ever level..... More »
Ottawa to allow 30-year amortization for first-time buyers’ mortgages on new homes + MORE Apr 12th
Some advocates are praising Ottawa’s move to lengthen the amortization period on insured mortgages for certain home buyers, but say expanding the policy to all Canadians would help make home ownership more affordable.
Speaking in Toronto on Thursday, Finance Minister Chrystia Freeland announced.... More »
How much you need to earn to afford a home in Toronto and the GTA + MORE Mar 22nd
Looking at the Toronto housing market through a lens of percentages, shifting sales numbers and interest rates may be the go-to method for industry insiders, but for many run-of-the-mill buyers, there’s really one thing that matters: “What kind of home can I afford?”
To help answer that que.... More »
Lender execs weigh in on today’s mortgage market Oct 26th
Executives of some of Canada's top mortgage lenders weighed in on some hot topics during the lender panel at MPC's recent National Mortgage Conference..... More »
Your mortgage interest payments are likely going up. Is there a way to reduce them? Nov 28th
A lump-sum payment would go directly to the principle of your mortgage, meaning you’re immediately paying less interest..... More »
Is Canada’s mortgage stress test still relevant?
– canadianmortgagetrends.com
Earlier this month, the Bank of England scrapped its mortgage affordability stress test. With mortgage rates presumably approaching their peak for this rate-hike cycle, some are wondering if changes to Canada’s stress test are overdue.
