Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
Latest News
OSFI calls stress test “incomplete,” seeks to address “problem” of fixed-payment variable-rate mortgages + MORE Sep 8th
It's no secret that Canada's banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today..... More »
Canadian home sales forecast downgraded—but the market may be turning a corner + MORE Jul 17th
For the second time this year, the Canadian Real Estate Association has downgraded its forecast for home sales in 2025, even as it says a turnaround could be looming following increased activity in June.
The association reported that the number of homes changing hands across the country in June r.... More »
Bank CEOs weigh in on “vulnerable” mortgage clients + MORE Jan 12th
Canada's Big-Bank CEOs weighed this week in on the current state of their mortgage clients, including those they consider "vulnerable" in the event of a recession..... More »
Opinion: When another refinance may be the wrong answer + MORE Jun 20th
As equity shrinks and household debt rises, some homeowners are finding that another mortgage may only delay a deeper financial reckoning..... More »
Want to become a first-time home buyer in B.C.? These three steps can help Jun 25th
These days, being a first-time home buyer in British Columbia, or anywhere else in Canada for that matter, is not easy. For years, Canadian housing prices experienced a steady upward trajectory, but the pandemic resulted in an unprecedented surge. And even though home prices have started to fal.... More »
What it’s like to be a first-time home buyer in Ontario—for real
– moneysense.ca
We’d been looking for over two years when we finally closed on our home last year in Vaughan, Ontario, just north of Toronto. As first-time home buyers in Ontario, my husband and I had seen around 30 houses, had been outbid on five or six and had expanded our search area from the middle of Toronto, where we both grew up, to the suburbs.
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Our journey as first-time home buyers in Ontario is by no means unique. Amid soaring prices, many people have experienced the same relentless competition and have had to expand their search criteria and stretch their budget to land a property.
During the COVID-19 pandemic, a perfect storm of low supply and high demand made prices surge. Lockdown measures sent many people in search of larger properties in which they could comfortably work from home…
Can I afford that mortgage? Here’s how much you can safely borrow to buy your first house
– thestar.com
Talk to a mortgage broker and do a personal budget assessment before you start house hunting, expert says.
