With high unemployment and a possible recession, many homeowners could face the possibility of defaulting on their mortgage.
This true or false quiz will test your knowledge on common mortgage misconceptions including topics such as the mortgage stress test, down payment, mortgage types and more.
The federal government’s First Time Homebuyers Incentive (FTHBI) begins on September 2. Here’s why it’s not the gift you think it is.
Canadian government promises up to 10 percent for first-time home buyers in 2019 Federal Budget
Canada has one of the most unaffordable housing markets in the world, with Vancouver, British Columbia being the third-most unaffordable city to buy a home worldwide. According to Demographia’s 2017 International Housing…
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…
Applying for a mortgage? Already own a home? The federal Liberals have announced mortgage changes that will have an impact on homebuyers and homeowners. Read on to find out what these are and how they will affect you.
What is the true extent of foreign real estate ownership in Canada? The CMHC is attempting to find out, as both house and condo prices skyrocket.
A recent report finds the CMHC has taken efforts to further crack down on foreign investment in Canada. Will this provide clarity for nation’s too-hot-to-handle housing market? Read on for our breakdown.
The latest housing market assessment has been released by the CMHC and it has ranked what it feels are the riskiest Canadian markets. Is your city on the list? Read on to find out.