The U.S. Federal Reserve liftoff has arrived, announcing a quarter of a percentage hike to between 0.25 – 0.5%. What does this mean for Canadians and our cost of borrowing? Read on to find out.
Efforts to reduce the CMHC and taxpayers’ exposure to the risky mortgage market has paid off – the Crown corporation has reported it now covers only 50% of new residential mortgages. What does this mean for new borrowers?
Looking for the best mortgage apps? From pre-qualification to paying your deposit, these apps will make the home buying process much smoother.
Should you buy a rent-to-own home? This payment method can help those without savings or credit history become homeowners – but can be costly in the long run. Here’s what you need to know.
Securing the Canadian dream – a good job, nice car and an affordable mortgage – may be increasingly out of reach for the millennial generation. A new research study from RateSupermarket.ca, Canada’s independent personal finance comparison site, offers the projections of future costs of living for young people starting out today. As the cost of owning a home continues to rise and jobs are very hard to come by, the picture is not pretty.