September 17th, 2018
Today’s affordability pressures are holding back the most eager would-be home buyers. In a recent study by CoreLogic and RTI Research, young millennial renters under the age of 29 are … [read more]
September 17th, 2018
Obtaining mortgage loan insurance is mandatory for homebuyers in Canada who put between 5% and 19.99% for their down payment towards a new home or condo. While it’s ideal to … [read more]
Comments Off on Q&A About Canada’s Mortgage Load Insurance for Homebuyers
September 13th, 2018
The terms pre-qualified and pre-approved almost sound like they could be synonyms. But when it comes to home financing, there’s actually quite a big difference between the two—and securing pre-approval … [read more]
Comments Off on What’s the Difference Between Pre-Qualified and Pre-Approved?
September 12th, 2018
In line with economists’ consensus prediction, the Bank of Canada today chose not to hike its mortgage rate-influencing overnight rate. “As widely expected, the Bank of Canada left the overnight … [read more]
Comments Off on The Bank of Canada is on Track to Raise Interest Rates Again
September 10th, 2018
These days, saving money for a down payment is no easy feat. In the United States, it takes an average of six-and-a-half years to save for a 20 percent down … [read more]
Comments Off on Expert Tips on Saving Money for A Down Payment
September 6th, 2018
While buying a home is one of the most exciting and rewarding things you’ll do in your life, it can also undoubtedly be one of the most stressful. This is … [read more]
Comments Off on Things That Can Stall the Mortgage Approval
September 5th, 2018
The Bank of Canada has opted to leave its trend-setting Overnight Lending Rate untouched this month, after hiking it by a quarter of a per cent in July. However, it … [read more]
Comments Off on The Bank of Canada Leaves Overnight Lending Rate Untouched in September Announcement
August 27th, 2018
The mortgage process when purchasing a home can be tricky—there’s a ton of paperwork to read through and sign, so much that your hand might just cramp up from the … [read more]
Comments Off on What is A Mortgage Comfort Letter & Why Do You Need One?
August 17th, 2018
Between considering mortgage terms and insurance to viewing properties with your realtor, buying your first home is a busy and stressful time. And when you’re talking about the biggest financial … [read more]
Comments Off on Mortgage Questions will Help First-Time Homebuyers on the Right Track
August 6th, 2018
Irrespective of which side of the short-term bridge loan you’re on, it is a critical component of investing. According to Greg Vorwaller, president of Trez Capital, a private equity short-term … [read more]
Comments Off on What Short-Term Bridge Financing Can Offer?
August 3rd, 2018
It’s been over six months since the new mortgage stress test rolled out across Canada with the aim of ensuring borrowers would be able to handle higher interest rates. However, … [read more]
Comments Off on Canada’s New Mortgage Stress Test Could Have Been Better Designed
August 2nd, 2018
With the new mortgage stress test coming effect in January, this year has had more than its share of headlines about the difficulty of qualifying for a mortgage. But that … [read more]
Comments Off on It’s About to Get Easier to Qualify for A Mortgage for Self-Employed Canadians
July 26th, 2018
Mortgage : You either have one or you’ve heard of one. And if you’re in the latter group, maybe you’re at a point where you ought to learn more. But … [read more]
Comments Off on Getting A Real Estate Focused Mortgage in BC
July 26th, 2018
Instead of safeguarding Canada’s financial system, one association says the mortgage stress test is unduly suppressing housing activity, which could spell future trouble for the economy. Since the new mortgage … [read more]
Comments Off on 18% of Prospective Homebuyers were Unable to Buy Their Preferred Home
July 24th, 2018
77% of Canadian homeowners have fixed-rate mortgages, but only around half – 54% – of those planning to become homeowners would choose this type of mortgage, according to the results … [read more]
Comments Off on Only Half of Canadian Homeowners Would Choose Fixed-Rate Mortgage
July 23rd, 2018
It’s been seven months since new mortgage qualification rules, in the form of Guideline B-20, came into effect in Canada. Under these new rules, put in place by the national … [read more]
Comments Off on What Choice Do You Have to Qualify for A Mortgage?
July 12th, 2018
Growing trade volatility and tariff threats weren’t enough to sway the Bank of Canada from its upward swing : the central bank, which sets the cost of borrowing for all … [read more]
Comments Off on Bank of Canada Hikes Rate to 1.5% in July Announcement
July 9th, 2018
When it comes to getting approval for a home mortgage loan, borrowers can either work with a mortgage broker or a bank. Either option will take you one step closer … [read more]
Comments Off on Home Loan Journey : Pros & Cons of Mortgage Broker vs. Bank
July 3rd, 2018
If you’re thinking of making the move from renter to homeowner, simply diving into home shopping is the wrong first step. What you need to do is first answer the … [read more]
Comments Off on The Major Factors That Determine How Much House You Can Afford
June 29th, 2018
There’s been plenty of speculation about when the Bank of Canada (BoC) will decide to hike interest rates next. In a speech earlier this week, BoC Governor Stephen Poloz offered … [read more]
Comments Off on The Bank of Canada Might Wait on Another Interest Rate Hike
June 26th, 2018
With a little discipline and seven lifestyle adjustments you could save between $26,836 and $46,336 per year — all of which could go towards your downpayment on your first home. … [read more]
Comments Off on Save Down Payment on the First Home with Discipline & Lifestyle Adjustments
June 25th, 2018
Through most of this decade, Canadians have taken advantage of historically low interest rates and splurged on housing. Except now rates are rising and new regulations are making qualification arduous. … [read more]
Comments Off on The Interest Rates Hikes Could Be Too Much to Bear for Many Homeowners
Comments Off on Strategic Ways for Millennials to Save Down Payment