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Search Posts "Mortgage"
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  Tips that save money on your mortgage   Shop around – and not just for the lowest rate Of course, you should get the lowest interest rate that you can. But rates aren’t the only thing t...

Marcy Mivehchian Marcy Mivehchian 09/30/2019
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What is mortgage default insurance? Mortgage default insurance is commonly referred to "CMHC Insurance" because the largest provider in Canada is the Canadian Mortgage and Housing Corporation. Howev...

Ali Ali 08/22/2019
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As you may know, it’s the law in Canada that all mortgages that have a down payment of under 20% must be insured. The insurer is usually the Canadian Mortgage and Housing Corporation (CMHC), which i...

Chris Chris 07/22/2019
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Buying a home is a huge undertaking, especially if you’re a first-time homebuyer. There are first-time homebuyer programs in Canada that can help you save money when buying a home, but the governm...

Chris Chris 07/19/2019
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The single most important mortgage rate in Canada has finally dropped, years after the last decrease. The mortgage stress test rate, formerly at 5.34% is dropping to 5.19% on July 22, 2019. The last ...

Chris Chris 07/18/2019
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  Canada is unique among many other countries as we have one of the highest rates of homeownership in the world, with nearly 70% of Canadians owning their home. The remaining 30% are renting either ...

Chris Chris 07/18/2019
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What does a rate increase mean for your mortgage? That depends on the type of mortgage you have. If you have a fixed rate mortgage, then nothing changes. You will keep paying the same monthly amoun...

Chris Chris 07/16/2019
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Total mortgage debt in Canada rose to $1.56 trillion in May 2019, up 3.64% year-over-year from last May. While that may seem like a small percentage to increase, a 3.64% increase to $1.56 trillion rep...

Chris Chris 07/12/2019
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The Bank of Canada announced today, July 10, 2019, that they are keeping their overnight rate at 1.75%. This is the sixth announcement where the Bank has decided to keep rates the same. The rate was l...

Chris Chris 07/11/2019
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UPDATE: June 18, 2019 Some more information was just released from the government about the new First Time Homebuyer Incentive run through CMHC, so it’s about time we went back and updated our old ...

Chris Chris 06/18/2019
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