When to Consider a Private Mortgage?
Ever since the federal government introduced the mortgage stress test, more and more Canadians have been turning to private lenders in order to secure a mortgage. While private mortgages...
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What you should know about home equity lines of credit?
Home equity lines of credit (HELOCs) are a way that homeowners in Canada can use the equity in their home to borrow the cash they need. HELOCs are a...
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Why do people opt for mortgage refinancing?
Put simply, mortgage refinancing is replacing your current mortgage with a new one. It means breaking you current mortgage and starting a new mortgage. Oftentimes, when homeowners refinance they...
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Reasons to Get a Mortgage Pre-Approval
One you make up your mind to buy your first home, it can be a really exciting time. You might want to run out right away and start house...
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Second Mortgages: Benefits and Considerations
If you need a large sum of cash, there are a number of financial products that you can use to get it. If you have poor credit however, your...
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Mortgage Renewals: Advice and Tips!
Most mortgages in Canada have terms of five years. But what happens when that five years is over? Usually, the homeowner will receive a notice from the lender which...
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Benefits of a Private Mortgage!
If you’ve been looking around for a mortgage, and haven’t been approved at traditional banks perhaps the term private mortgage has been thrown around a little bit. This might...
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How to Get the Best Mortgage Rates in Canada?
Whether you’re just buying your first home or you’ve been a home owner for 20 years, everyone wants to make sure they’re getting the absolute best interest rate on...
Continue ReadingOwnership of Residential Property by Non-individuals
New data released today from the Canadian Housing Statistics Program provide information on ownership of residential properties by non-individuals in Nova Scotia, Ontario and British Columbia. The Canada Mortgage...
Continue ReadingBank of Canada maintains overnight rate target at 1 ¾ per cent
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate...
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