A mortgage broker is supposed to work on your behalf to secure the mortgage financing you’re looking for when purchasing a property, renewing your mortgage or refinancing your mortgage. Your broker plays an important role in the home-buying process. He should assess your finances and help present ...
There are approximately 3 million HELOC accounts in Canada with an average outstanding balance of $70,000—and many Canadians with a HELOC can expect their borrowing cost to increase this year with rising interest rates looming. Mortgages, on the other hand, are obviously much more widely used i...
A mortgage broker in Calgary should look out for your interests when you’re buying a home, renewing or refinancing your mortgage. Your broker helps you secure mortgage financing by presenting you with the mortgage options that make the most sense for you. A mortgage broker in Calgary is sometim...
When you want to take out a mortgage, your first stop will most likely be your local bank branch. While there’s nothing wrong with it being your first stop, it shouldn’t be your only stop. If you’re doing that, you’re potentially leaving thousands of dollars on the table in interest savings....
Mortgage brokers, otherwise known as mortgage agents, act on behalf of a borrower seeking mortgage financing for the upcoming purchase of a home. They are there essentially to provide home financing options and facilitate the overall mortgage procedure. Their role is often seen on the surface as so...
There’s nothing better than to have a home to call your own. Home is where you make a life for yourself with the people you love. It’s where you create wonderful and unforgettable memories together. It is also the best place to start building the foundations of your bright future. All these t...
For homeowners, there may come a time when refinancing mortgages of their properties will be something they will have to do. The Canadian Mortgage and Housing Corporation (CMHC) describes refinancing mortgages as a type of financing that allows the homeowners to pay in full the amount of their pr...
Before you execute your plans to buy a new home, you must take the time to ask and learn the answer to this question: How do mortgages work? Not all aspiring homeowners in Canada have the extra money to pay up front the full purchase price of their dream home. And so, to be able to afford the cos...
If you are new to the homebuying process, there are numerous things for you to consider and research. In many cases, you will become accustomed to different terms, definitions and standards when it comes to home buying and mortgage loans, but it can take time. Even for experienced homeowners, unders...
We know that time changes just about everything, which is why we decided it’s time for us to update our list of best places to live in Canada. If you’re thinking about where to live in Canada, you may be considering a variety of factors ranging from the proximity of amenities to the health of th...
There are few milestones in life more exciting and memorable than purchasing a home. It can be a great investment, and for many, it's a culmination of a great deal of hard work, sound budgeting, and disciplined saving. As you approach the homebuying process, however, it's important to understand how...
Year after year, residential real estate prices in Ontario have continued to rise. This Canadian province is a bustling center of activity and growth, with increasing populations and high employment rates boosting the local economies. For real estate investors, the Ontario market provides a variety ...
Investors, developers and property owners are all optimistic about Canadian real estate. Investors keen on venturing beyond the single-family housing market will find below, the four property types with the greatest growth potential. The Canadian economy is showing signs of health, which means i...
Canadian home sales slowed last month, thanks to a 40% drop in Vancouver, the country’s most overheated market. Canada’s housing market regained momentum in December, but a sharp decline in Vancouver sales skewed an otherwise positive picture. National Sales Rebound in December Sales of Can...
New measures to rein in Canada’s booming real estate sector will weigh on GDP growth, BOC says. The Bank of Canada (BOC) has downgraded the country’s economic outlook yet again, citing a cooling real estate sector and weaker exports. The central bank is now projecting Canada’s real gross d...
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