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
OSFI eyes loan-to-income rules to replace stress test as industry weighs implications Jun 8th
Canada’s banking regulator is weighing a major overhaul to how borrowers qualify for mortgages, one that could have significant implications for banks, brokers and homebuyers alike..... More »
2024 mortgage market: A year in review Jan 2nd
The past year marked a turning point for Canada’s housing and mortgage market, with rate hikes giving way to rate cuts, alongside numerous regulatory changes and new government program announcements..... More »
Does buying GICs still make sense after the recent rate cuts? + MORE Apr 3rd
In March, the Bank of Canada (BoC) lowered its policy interest rate by another 25 basis points, from 3.00% to 2.75%. It was the central bank’s seventh consecutive cut.
What does it mean for Canadians as borrowers and savers when interest rate cuts happen? On the positive side, it mean.... More »
Shelter takes larger share in updated CPI basket weights + MORE Jun 17th
The latest update to the Consumer Price Index (CPI) basket gives even more weight to shelter costs—particularly mortgage interest and rent—underscoring just how much housing expenses are shaping the inflation experience of Canadians..... More »
The best 5-year fixed mortgage rates in Canada Mar 22nd
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance .... More »
Mortgage Digest: MPC National Conference edition
– canadianmortgagetrends.com
Highlights from this week’s MPC National Conference in Montreal, including key insights from the panel discussions, keynote speakers and concurrent sessions.
Alberta called—What I wish I’d known before making the move
– moneysense.ca
Like many people in Ontario, I got swept up in the “Alberta Is Calling” campaign and left Toronto to buy a condo in Calgary last year. Home prices in the prairie province were barely half those of comparable properties in the Greater Toronto Area and it was the only way I could see to own one. But I quickly realized just because I qualified for a mortgage didn’t mean I could afford it.
Now, almost a year in, I find myself struggling to keep up with all the monthly expenses of owning a home, with little left over for savings, debt repayment or fun.
Here are some things I’d wish I’d known before buying my first home and some advice from a financial planner on preparing for such a big purchase and what to do if you find yourself in over your head.
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