Homeowners
Ali
With mortgage rates on the rise it’s less common to refinance your mortgage. However if you have specific goals in mind, you may be considering it to do something like paying off your home faster....
Ali
The Bank of Canada announced another rate hike of 50-basis points on Wednesday, October 26th, 2022 at 10:00 AM Eastern Time. In its release, the Bank of Canada cited broad based inflation, supply...
Alex
Before we begin, we want to clarify that this article presents a very brief overview of real estate taxes and your specific circumstance may differ. Please get help from a licensed accountant...
Alex
How do investment taxes work in Canada? If you’ve ever bought investments like stocks, bonds, or a property that isn’t your principal residence, you’ll want to understand what is considered an...
Perch
Eat. Sleep. Pay your mortgage. Repeat. Seems simple enough, doesn’t it? Just when you thought you had gotten the hang of homeownership, your mortgage lender reaches out: Your mortgage term is...
Ali
Before reading this article, we assume that you know what a home equity line of credit (HELOC) is. If you don’t, check out our HELOC page to learn more before jumping into this article. Why...
Alex
What is a mortgage assumption? A mortgage assumption is when you sell your home to a buyer and transfer your mortgage to them as well. It’s likely you have never heard of this because for most of...
Alex
While admittedly not the most exciting thing to think about, retirement planning is an important part of your personal finances. For many of us, owning a property makes up a significant portion of...
Alex
What is a home equity line of credit (HELOC)? In Canada, a home equity line of credit otherwise known as a HELOC, is a line of credit secured by your property. It allows you to borrow money through a...
Breaking Your Mortgage: Reasons It May Happen To “break your mortgage” means that you are trying to renegotiate the terms of your mortgage before your
Renovations In High Demand Our friends over at HomeStars recently published a Home Reno Report that concluded how Canadians in record numbers were opting to
What’s the Difference Between a Mortgage Switch and Mortgage Renewal? When you get a mortgage for the first time, you’ll typically have a 25-year amortization
Let’s say you bought your home for $400,000 with a 20% down payment. You’re left with a $320,000 mortgage to pay off. Your down payment
If you are considering paying down your mortgage, keep reading! When Mortgage Professionals Canada asked Canadians in 2019 if they would classify mortgages as “good
