NEWS
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Mortgages Soar For Canadians In Their 80s, 90s
With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your purchase....more ![]()
My Mortgage Planner App is Here!
We’re making it easier for you to navigate the Canadian mortgage landscape....more ![]()
Buyer beware: How purchasing property from a non-resident of Canada could leave you with a hefty tax bill
You could be personally liable for the vendor’s Canadian capital gains tax if you don’t take certain precautions. Here's what you need to know....more ![]()
Making the most of your mortgage broker
The process of becoming a homeowner can be long and arduous, and your mortgage broker is one of your key allies in getting a mortgage in order to buy a home. But if done right, the relationship between you and your broker doesn’t stop once you have the keys....more ![]()
Can Appliances Really Impact My Mortgage?
When you’re shopping for your new home, you might fall in love with the kitchen that will let you host the parties of your dreams. Or it could be the mudroom that’s perfect for your family to toss in their sports jerseys right after practice. But are you falling for the functionality and flow of the rooms, or are you really attracted to the matching stainless steel fridge and stove or the high-efficiency washer and dryer?...more ![]()
Canada’s Most Competitive Housing Markets Are Not Where You Think
With just 43 sales for every 100 homes listed, Vancouver is the country's second-weakest housing market....more ![]()
Bank of Canada holds interest rates steady, but October hike looms
The Bank of Canada (BoC) kept its trend-setting interest rate steady at 1.5 per cent on Wednesday but appeared to keep the door open to a possible rate hike at its next meeting on Oct. 24....more ![]()
This bank says that the Canadian housing market is poised for a comeback
After months of slumping activity, economists and industry watchers alike have been waiting to see when the Canadian housing market would get back on its feet. Now, according to a new report from TD, the stage is set for a major comeback....more ![]()
What exactly affects your credit score?
On the hunt for your first home? Getting pre-approved is crucial so you are aware of how much you can afford. That way you don’t fall in love with something out of your budget. But what determines your qualifying amount? Your credit score is a major factor. ...more ![]()
Mortgage brokers vs. banks: the pros and cons
If you’re looking for a mortgage on a home purchase — or to renew one on a home you already own — is a mortgage broker or a bank your best option?...more ![]()
Single women leading the charge as demographics of homebuying change
Going forward, as their incomes grow, Canadian women are expected to continue to invest even more in housing, as data in the U.S. already suggests...more ![]()
Higher interest rates to hit younger, middle-income households, federal analysis reveals
Twelve per cent of all Canadian households carry debt-to-income levels of at least 350 per cent...more ![]()
Did You Fib On Your Mortgage Application? There May Be Trouble Ahead
Canada Mortgage and Housing Corp. wants better income checks to prevent mortgage fraud....more ![]()
CMHC wants to make it easier for self-employed Canadians to get a mortgage
CMHC is giving lenders more guidance and flexibility on determining whether a self-employed person qualifies for a mortgage...more ![]()
Here are the cities with the highest – and lowest – real estate taxes in Canada
Buying a house in Canada briefly became a little less challenging late last year, but that small gain is now already gone, as rising interest rates erase the impact of a cooling housing market, according to RBC. But home prices and borrowing costs aren’t all that homebuyers and homeowners have to contend with. There are also, of course, taxes....more |