In recent times, many Canadians have been grappling with the increasing financial pressures brought about by rising living costs, the ongoing housing crisis, and high interest rates. In response to these challenges, the Canadian government has introduced a series of
In today’s financial climate, we hear a lot about high interest rates, tough approval terms, and soaring debt. As a result, many new loan companies have appeared, offering to help those with bad credit histories. However, it’s important to understand
Buying a home is one of the biggest financial decisions most people will ever make. For first-time home buyers, it can be an overwhelming process. From navigating the mortgage process to finding the right home, there’s a lot to consider.
The Canadian housing market has experienced significant changes over the last two and a half years due to the COVID-19 pandemic and its effects on the economy. In the wake of supply chain disruptions and lockdowns, home prices rose dramatically,
There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage
As credit has become more and more abundant in our society, your credit report, and thus your credit rating, has become more important in your daily life. Your credit rating affects all aspects of your financial activities when it comes
Transitioning from renter to homeowner is one of the biggest decisions you’ll make throughout your lifetime. That’s why it’s essential to surround yourself with a team of experts – including both a mortgage and real estate professional – to walk
Mortgages in Canada are generally amortized between 25 and 35 year terms. While this seems a long time, it does not have to take anyone that long to pay off their mortgage if they choose to do so in a
In light of the new market realities and tightening of credit underwriting standards by both lenders and mortgage default insurers as of late, keep in mind that now – more than ever – it’s important to be careful what you
We live in a society of instant gratification. Unlike our parents or grandparents – who saved up for larger purchases – we are often tempted to splurge on bigger-ticket items simply because we have a debit card in hand when
