Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Falling mortgage rates over the course of 2019 have reduced the rate increase shock for those renewing a mortgage. While those renewing a mortgage this year are still locking in at a rate higher than their previous rate, that increase is quickly declining, according to data from the Bank of Canada. .... More »
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.