The minimum mortgage stress test rate dropped this week thanks to a fresh round of posted rate cuts by the country’s big banks.
The dust has settled from Canada’s 2019 election campaign and a Liberal minority government has emerged.
Rising home prices are great for existing homeowners but they’re not so great for aspiring homeowners.
Whether you’re looking for your first home or downsizing into a post-retirement condo when it comes to mortgage pre-approval, here’s what you should (and shouldn’t) do.
Mortgage pre-approvals save time, angst, and give you leverage.
If you’re applying for a mortgage with a small down payment, be prepared to pay a little more every month for default insurance. The Canadian Mortgage and Housing Corporation recently announced it will increase the premiums for ‘mortgage default insurance’ (also called mortgage loan insurance) effective March 17, 2017.
With Canada’s hottest housing markets showing no sign of cooling in the near future, co-op housing may be seen as a practical alternative. Read on to find out whether it’s a good option for you.
Buying a home for many people is one of the most important and expensive purchases they make. As such, the decision often requires a great deal of thought and rational judgement--or so you'd think.