Is Your Mortgage Coming Up for Renewal? Read This First
A lot has changed since your last mortgage term began thanks to high inflation leading to increased interest rates – following years of historic lows. That’s why it’s important to review all options before your renewal date.
Down Payment Savings Opportunities for First-Time Homebuyers
Looking to buy your first home? Saving up for your down payment can seem virtually impossible unless you have a plan in place. Fortunately, there are more savings options available today than ever before.
Navigating Debt Trends: Can Mortgages Continue to Defy the Odds?
As Canadian households grapple with mounting debt and rising interest rates, one area seems to be holding steady amidst the storm: mortgages.
When was the Last Time You had a Mortgage Review?
A lot can change over the course of your mortgage term – regardless of its length – including your income, debt load and interest rates, to name a few.
Worried About a Low Credit Score?
If your credit has taken a hit due to missed or late payments, high debt levels, etc, there are things you can do to help repair it. The key is to start right away. The longer you leave it in disrepair, the worse your credit situation will become.
Takeaways from CMHC’s Latest Housing Market Outlook
Canada Mortgage and Housing Corporation (CMHC) expects home prices to bottom out this year, but they aren’t expected to fall below pre-pandemic levels.
New First Home Savings Account Now Available!
First-time homebuyers can now take advantage of an extra downpayment savings tool as of April 3rd, 2023 in the form of the First Home Savings Account (FHSA) courtesy of the federal government.
Foreign Homebuyer Ban Amendments Announced
On March 27th, the federal government announced amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations to enhance the flexibility of newcomers and businesses looking to add to Canada’s housing supply, effective immediately.
How are Canadians Feeling About Homeownership in Today’s Market?
It’s no surprise that many Canadians are feeling the pinch of higher inflation, higher interest rates and higher home prices. But an overwhelming majority continue to believe real estate is a good long-term investment.
When are Alternative Mortgage Lenders Helpful?
Are you worried about being turned down for a mortgage or not being able to renew with your existing lender? If so, you’re not alone.