Latest in Mortgage News: House Price Growth to Cool by End of Year: TD + MORE May 1st

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 real estate should you have in a balanced portfolio? + MORE May 7th

When investors talk about income-producing assets, the first that come to mind are dividends and interest, with capital gains a close third. But what about investment real estate? If you hold an asset allocation ETF, it will be chock full of stocks and bonds but offer little real estate exposure apa.... More »

Interest Rates to Stay As-is for Now. But When Will They Rise Again? May 4th

The Bank of Canada governor, Till Macklem, made no change to interest rates on April 21st, the 3rd of 8 annual meetings dates. This comes as no surprise, though, There wasn’t a chance of an interest rate hike anyway. You can read more on this here . When Might We See Interest .... More »
 line of credit

How Financing a Furnace Can Affect Your Mortgage + MORE Jun 10th

“Save up to $3,000 on heating and cooling” “No monthly payments for 3 months”  “No interest for 6 months” Sound familiar? You’ve probably seen tons of offers like these on flyers and emails from your utility company. It sounds great on the surface. You can save some money.... More »
 property mortgage

What home buyers should know about the Canadian mortgage stress test + MORE May 28th

In late 2017, the federal government introduced a mortgage stress test for anyone applying for or renewing a home loan. But, if you’re like nearly half of Canadians polled by TD Bank in 2019, you may not understand what the test is—or who it affects.  And with the recent announcement that the s.... More »
Buying a home can mean many exciting decisions, from renovations to landscaping to furniture selection. And while choosing paint colours may be fun, it’s important to also spend time thinking about the financial decisions that come with a new home, such as reviewing your mortgage and protection options available, so you can both purchase—and help safeguard—your dream home.
Luckily, whether you’re a first-time home buyer or a seasoned pro, sound advice is readily available to help you make the right choices for you. For those thinking about buying a new home, here are three questions to ask yourself.
1. What should I consider when determining a down payment?
“When assessing how much to contribute to your down payment, it’s important to go back to the basics,” explains Jared Jarman, associate vice president, specialized advice, at TD. “Starting with a budget that captures all of the costs associated with your purchase helps you to break down the cost of your move and to see what may be needed down the line, helping determine how much you can reasonably contribute to your down payment…

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TD Bank is forecasting that home prices have further to rise yet before finally starting to lose steam by the end of the year. “…with markets remaining historically tight, more near-term gains are in the cards,” wrote TD economist Rishi Sondhi in a recent report. But, with home prices already up 31.6% in March on an annual basis, and with sales up 76.2%, Sondhi added that such growth is “unsustainable.” “Accordingly, we anticipate some cooling in sales starting in the […]

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With home property values in Canada increasing at an astonishing rate—the national average sale price went up 25% between February 2020 and February 2021—homeowners across the country may be considering the various ways they can tap into their growing equity. 
One obvious approach is to sell your home and downsize to a smaller property or rental, and pocket the proceeds of the sale. 
Those who prefer to stay put, however, can borrow against the equity in their home in three different ways: take out or refinance a conventional mortgage, open a home equity line of credit (HELOC), or get a reverse mortgage.
While these products may seem similar at first blush—they all give you access to the value that’s tied up in your home—they are not the same, and each should be considered carefully. How can you tell which one is right for you? We’ve put together a summary of key points in a handy chart below, then go on to explain the key differences and how to choose in more detail.
At a glance: conventional mortgage vs…

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