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
Canada’s financial consumer watchdog unveils guidelines to support at-risk mortgage borrowers Jul 6th
The country's financial consumer watchdog today unveiled new guidelines urging financial institutions to provide support to mortgage holders who are facing "severe financial stress" and are at-risk of default..... More »
Weekly mortgage digest: Canadians are pulling back on borrowing Sep 16th
A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases..... More »
Variable Mortgage Rates to Rise as Prime Rate Jumps to 3.20% + MORE Apr 16th
Variable-rate mortgage holders are about to see their interest costs rise again after Canada's Big 5 banks announced a 50-basis-point hike to prime rate on Wednesday..... More »
How much you need to earn to afford a home in Vancouver and the GVA Jan 31st
The Canadian real estate market has been red-hot since the pandemic started in March 2020. Home prices have risen across the board, but they are especially high in Vancouver, Canada’s most expensive housing market.
If you’re looking to purchase a home in the Greater Vancouver Area (GVA), you .... More »
Mortgage arrears have yet to peak, but unlikely to reach long-term norm: BMO + MORE Aug 1st
Despite a gradual rise, Canadian mortgage arrears are expected to remain manageable due to the economic recovery and the mortgage stress test.... More »
When does it make sense to sell real estate in a larger city and buy in a smaller one?
– moneysense.ca
Q. I am currently living in Saint John, NB, and renting ($1,450 a month + Internet—very expensive for this little town). I also own a condo in Burlington, Ont., worth about $500,000, which I have been renting out for the past two years. With income taxes factored in, the rent just covers carrying costs.
Recently, my tenant gave notice, and I started a permanently remote job—so I have essentially no geographic ties, and I’ve become very fond of Saint John. I’ve been thinking that if I sold my condo, I could be mortgage-free here. But people keep warning me that if I leave the real estate market in Ontario, I will never get back in.
With inflated housing prices, higher taxes and historically slower real-estate turn around, is buying in New Brunswick a wise investment? As a single homeowner with an income of $80,000 per year, I am extremely limited in Southern Ontario.
–Alison
A. Although the decision to buy in Saint John and sell in Burlington are related, Alison, I would be inclined to consider the two independently…
Recently, my tenant gave notice, and I started a permanently remote job—so I have essentially no geographic ties, and I’ve become very fond of Saint John. I’ve been thinking that if I sold my condo, I could be mortgage-free here. But people keep warning me that if I leave the real estate market in Ontario, I will never get back in.
With inflated housing prices, higher taxes and historically slower real-estate turn around, is buying in New Brunswick a wise investment? As a single homeowner with an income of $80,000 per year, I am extremely limited in Southern Ontario.
–Alison
A. Although the decision to buy in Saint John and sell in Burlington are related, Alison, I would be inclined to consider the two independently…
