Canada Mortgage

Homeowner Talk: Home Renovation Horror Stories

Posted 05.15.2017 | Canada Living

The home renovation business is booming. In Canada alone, construction trends have been hedging towards fixer-uppers instead of breaking new ground. B...

5 Ways To Simplify Your Banking

Posted 05.08.2017 | Canada Living

Banking can be stressful for those of us who aren't financially savvy. But tackling your banking head-on allows you to simplify your life and reduce your overall stress.

Your Mortgage Renewal Checklist

Posted 05.03.2017 | Canada Living

For many Canadians, their monthly mortgage payment is their largest expense. And so, when it comes time to renew your mortgage there are many things t...

More Than A Rate: Other Things You Should Consider When Getting A Mortgage

Posted 04.27.2017 | Canada Living

Finding a great mortgage rate can help make the dream of real estate ownership a reality, but it's not the only important thing to consider when finan...

Reasons You Need A Mortgage Advisor

Posted 04.18.2017 | Canada Living

Applying for a mortgage will be one of the most important financial decisions you'll have to make in your life, so you need to make sure you're well-versed and ready for the responsibilities associated with getting a loan.

Ways To Pay Off Your Mortgage Faster

Posted 04.18.2017 | Canada Living

The dream of owning a home typically isn’t possible without having a mortgage. But staying informed, understanding all your options, and developing ...

3 Reasons Americans Can't Just Move To Canada And Buy Up Our Homes

YPNextHome | Posted 01.25.2017 | Canada Business
YPNextHome

Now that Donald Trump has been sworn in as the 45th president of the United States, should we prepare for an onslaught of Americans moving north and buying Canadian homes? Don't bank on it. Americans cannot just pick up and move here because they don't like their new president.

Paying Down Debt Is The Top Financial Resolution, Again

Douglas Hoyes | Posted 01.03.2017 | Canada Business
Douglas Hoyes

As we start a new year, we have yet another new poll about how Canadians are once again listing paying down debt as their top financial priority for 2017. This survey, from the CIBC, says that for the seventh straight year concerns about debt were a top concern for most Canadians.

Ottawa Is Flirting With A Policy Disaster

Will Dunning | Posted 12.23.2016 | Canada Business
Will Dunning

The objective of that policy is to reduce mortgage lending. It means that a potential home buyer who can comfortably afford the costs of buying a home (based on their actual mortgage interest rate, which will usually be less than three per cent) might not be able to get financing, because of a new, very high "stress-test" hurdle (using an interest rate that is currently 4.64 per cent, and far above actual market rates).

TD Quietly Hikes Its Mortgage Rates

CP | David Hodges, The Canadian Press | Posted 11.16.2016 | Canada Business

The Royal Bank of Canada is also increasing its rates.

It Begins: TD Bank Raises Mortgage Rates In Wake Of New Rules

The Huffington Post Canada | Daniel Tencer | Posted 11.04.2016 | Canada Business

Don't say the banks didn't warn you.

New Mortgage Rules Keep Canadians Safe From Housing Crash

YPNextHome | Posted 10.05.2016 | Canada Business
YPNextHome

Under the new mortgage rules, which take effect on Oct. 17, all new insured mortgages must qualify for the amount at a rate of 4.64 per cent, which is an average of the big banks' current posted mortgage rates. This is the case even if the rate offered by your lender is lower.

Vancouver School Closures Stick Families With Impossible Choice

Atrina Kouroshnia | Posted 09.28.2016 | Canada British Columbia
Atrina Kouroshnia

As many as 21 in total have the potential to be shut down. If residents of the east side are forced to move into more expensive neighbourhoods just in order to find a school for their children, homeowners may be forced to turn into renters as they arrive outside the comfort zone of their financial capabilities.

How To Know Renovating Your Home Is A Better Option Than Moving

Posted 09.19.2016 | Canada Living

Is it better to sell or should your renovate? The answers here. From the AOL Partner Studio

What You Should Know About Buying Condos For Profit

Dan S. Barnabic | Posted 08.31.2016 | Canada Business
Dan S. Barnabic

Today, the ever-changing urban demographics and hot real estate markets occasionally lend people the opportunity to invest in a condominium with the intention of selling it for profit. This practice is also known as speculating. Many ordinary people become speculators during periods characterized by strong demand.

Some Seriously Unconventional Ways To Afford Real Estate

YPNextHome | Posted 07.11.2016 | Canada Living
YPNextHome

With the average price of a detached home out of most first-time buyers' reach, those with less than $1 million to spend have a few options. A lot of people are becoming creative with their buying power and choosing to utilize more unusual or unconventional options to solve the issue of affordability.

Mortgage Insurance Is Not The Best Way To Protect Your Investment

Josh Miszk | Posted 07.05.2016 | Canada Business
Josh Miszk

Having adequate insurance coverage to protect you and your family in the event that you can't pay your mortgage is a great idea. But is mortgage insurance the right type to buy?

How To Shave Years Off Your Mortgage

CP | Craig Wong, The Canadian Press | Posted 06.23.2016 | Canada Business

There are a number of methods to shorten your mortgage, but you'll have to read the fine print.

Introducing Micro Units: The Future Of Vancouver Real Estate

Atrina Kouroshnia | Posted 06.10.2016 | Canada British Columbia
Atrina Kouroshnia

Are micro units, small condos and bachelor suites the way of the future; able to douse our city's precariously overheated housing market in a cool shower of affordable, convenient rental units? It seems the question is still up for debate here in the third least affordable housing market on the globe.

Five Things To Know About Canada's New Mortgage Rules

CP | Posted 12.11.2016 | Canada Business

People in Vancouver, Toronto could feel the brunt of the new rules

5 Ways to Become Debt Free In 10 Years

David Lester | Posted 09.10.2016 | Canada Business
David Lester

Since debt became super cheap after the Great Recession, we all have taken on a ton of of it. Nationally we have an average of $27,000 in non-mortgage debt -- and $190,000 in mortgage debt. Here is how we all can get rid of our debt in 10 years so we can enjoy our retirements and our lives debt-free.

What Millennials Should Know About Securing a Mortgage

The Reply | Posted 05.12.2015 | Canada Living
The Reply

The mortgage process is a daunting one, especially for first-time homebuyers. Here are some important facts you need to know about mortgages. This ...

Just Because You Can Get a Big Mortgage Doesn't Mean You Should

Douglas Hoyes | Posted 11.14.2014 | Canada Business
Douglas Hoyes

If you can't afford the monthly mortgage payment (and property taxes, and repairs and maintenance) your mortgage is too big. The "equity" answer is that if you have less than 10 per cent equity in your house, you are at higher risk of financial problems.

How To Shave 5 Years off Your Mortgage

Atrina Kouroshnia | Posted 10.12.2014 | Canada British Columbia
Atrina Kouroshnia

Paying off a mortgage is especially important for anyone with a higher interest rate, or those who really value mortgage freedom.

Should You Buy A B.C. Condo Without A Depreciation Report?

Atrina Kouroshnia | Posted 09.24.2014 | Canada British Columbia
Atrina Kouroshnia

Last December a new B.C. government directive went into effect, requiring condo buildings to prepare a depreciation report that gives prospective buyers details about expected long-term expenses or problems. Despite the new rule, only about one quarter of the stratas across the province have commissioned depreciation reports so far.