Latest in mortgage news: consumer insolvencies at highest level since 2019 May 25th

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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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 »

What does the new Canadian Mortgage Charter mean for home owners? + MORE Dec 10th

In its 2023 Fall Economic Statement, the federal government announced the Canadian Mortgage Charter. It’s a new initiative intended to address the housing affordability issues caused by rising interest rates, low housing supply and more. The charter, which sets out expectations for lenders, is the.... More »

Should you use home equity to buy a house for your kids? + MORE Oct 5th

Ask MoneySense My husband and I are considering purchasing a second home using the equity in our first home. We own the home—no mortgage. Estimated value is $1.2 million to $1.5 million. We are hoping to support our children in moving out, while long-term planning for our downsizing when the ti.... More »

First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes + MORE Mar 10th

First National wrapped up a "successful" 2023 in spite challenging economic conditions and a drop in residential mortgage originations..... More »

How new mortgage brokers are overcoming the challenges of today’s high-rate environment Jan 24th

It's no secret that the current high-rate environment has been challenging for mortgage borrowers and mortgage professionals alike..... More »
Consumer insolvencies in Canada have risen to their highest level in three years.

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