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According to a new MPC report, the new mortgage stress test is leaving 18% of home buyers out of the market, though most can still afford to make monthly payments… Continue reading »
Buying a cottage or jet-setting the world? RateSupermarket.ca takes a look at what’s the better option for your during your vacation time, and what you can expect to spend. Continue reading »
As if the new mortgage stress test didn’t make things more difficult, from loans to mortgages, the Bank of Canada rate increase means it’s now harder for Canadians to borrow money. For example, if you have a variable rate mortgage set at prime… Continue reading »
A reverse mortgage is a home equity product that allows home owners aged 55 years and older to access up to 55 per cent of the value in their home. Home owners can choose to receive the money… Continue reading »
The Bank of Canada is keeping its key interest rate target steady at 1.25% but its statement leads many to believe rates will increase in July due to… Continue reading »
Should you splurge on a detached house – or are you better off living the condo lifestyle? This is a common conundrum for buyers deciding how to spend their real estate dollars. But the truth is… Continue reading »
From the realtor to home inspector – You can expect to work with many mortgage professionals when buying a home. Read more on what each pro does, costs, and the cons of… Continue reading »