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...
Price, interest rates, and financial preparedness are some of the main considerations for many Ontario homebuyers. However, the location of the home is a crucial factor that frequently influences...
For the majority of people managing their finances is crucial and getting rid of a mortgage is probably one of the greatest commitments they wish to achieve. This is...
One of the main choices you’ll have to make when thinking about buying a house is whether to acquire an existing one or go with a new one. Purchasing...
One of the first choices you’ll have to make when purchasing a house in Ontario is whether to buy an existing one or a freshly constructed one. Knowing the...
Getting a mortgage in Ontario can be a challenging process with several detailed steps included. Underwriting is one of the significant processes that must be followed before you get...
When a prospective homebuyer makes calculations for a home purchase it’s important to take into account several major costs including mortgage terms, home costs and of course other closing...
When you make the decision to move to a new home, you might be worried about the status of your existing mortgage. The viable option of “porting” your mortgage—moving...
Have you ever been asked to co-sign someone’s mortgage by a friend or relative? Though it could be a charming way of enabling them to realize their dream of...
In Canada, there are numerous benefits to house ownership, but there are also financial obligations. Property taxes are one significant expense to consider. Your local municipality collects property taxes...
You will be required to make consistent mortgage payments when you buy a house and take out a mortgage. The mortgage payment frequency choice you select will determine how...
