When it comes to our debt, it may seem very difficult to pay it off. Equifax Canada, which provides consumer credit bureau information, reported that in the second quarter of 2017, non-mortgage debt has risen 3.3 percent. This is already a problem as many people throughout Canada are already struggling to make ends meet. Some […]

In today’s market, there is an ever increasing worry about the price of homes. Getting a home is looking to be more expensive and many first-time buyers are worrying about making the big purchase. The question of whether it is better to try and buy something now or wait it out and remain a renter […]

When we deal with our mortgages, there are three terms that we all come across: prepayment, portability, and assumability. They look like words we recognize, but in the finance world, they’re different than what you might think. So let’s go over them. Prepayments A prepayment is the payment of a bill or expense that settles […]

There are some big changes to mortgage lending rules that have taken effect on January 1st, 2018. These rule changes impact both existing mortgage holders and those seeking mortgages. Here are some key points everyone should know. What’s the big change? New mortgage guidelines require lenders to vet applicants with down payments of 20 percent […]