It’s simple to concentrate only on the interest rate when looking for a mortgage in Canada. Reduced rates equate to reduced monthly payments, don’t they? Not necessarily. While interest...
As we approach April 16, 2025, the next Bank of Canada rate announcement is drawing significant attention from prospective homeowners across Ontario. But who exactly does this announcement affect,...
Securing a mortgage in Canada has become increasingly challenging due to rising home prices and high interest rates. However, leveraging rental income can improve your chances of getting approved...
Investing in real estate is one of the most popular ways to build wealth, but securing the right mortgage for an investment property differs from financing a primary residence....
The federal government uses the mortgage stress test as a safety measure to ensure that homebuyers can continue making their mortgage payments even if interest rates increase. Both insured...
Divorce or separation is a life-changing event that frequently results in financial difficulties, especially when it comes to distributing joint assets such as the family house. A spousal buyout...
Flexibility is an essential factor in homeownership. Life is full of unexpected events and circumstances, such as relocating for a new position or refinancing to benefit from lower rates....
A significant new financial option will be available to Canadian homeowners on January 15, 2025: the possibility to refinance up to 90% of the value of their home using...
Canada’s housing market will majorly shift on December 15, 2024, when the federal government raises the insured mortgage ceiling to $1.5 million. This change aims to increase buyer opportunities,...
Beginning on December 15, 2024, the Canadian housing market is about to undergo a dramatic transformation. The federal government has declared that 30-year amortizations on insured mortgages will be...
Starting November 21, 2024, Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), will eliminate the Minimum Qualifying Rate (MQR) requirement for straight switches of uninsured...
