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Exempt Contribution

Mortgage Term: Exempt Contribution

Learn about the implications of the exempt contribution and how it relates to registered accounts, indirectly impacting mortgages in several important ways.

Cash Back Mortgages

Understanding Cash Back Mortgages

Cash Back Mortgages. Home buying is a naturally expensive thing to be doing. You not only have to pay for the house, but you have substantial closing costs as well. You might want to make your new house ‘home ready’ by getting a few new pieces of furniture and don’t forget new window coverings like blinds, drapes, and curtains (never cheap). Wouldn’t it be nice to get a few thousand dollars back when you fund your mortgage to cover these costs?

Non-Recourse Loan

Mortgage Term: Non-Recourse Loan

Discover what a non-recourse loan is and what that means for mortgages in Canada. Is your mortgage a non-recourse loan, and what does that mean for you?

Insured Insurable Uninsurable Mortgages

Insured, Insurable, Uninsurable Mortgages Explained

Understand the differences between Insured, Insurable, and Uninsurable Mortgages for making informed decisions on your home purchase in Canada.

Zero Percent Loan

Mortgage Term: Zero Per Cent Loan

Discover what a zero per cent loan is, its unique characteristics, and how zero per cent loans relate to mortgages.

Emergency Funds

Critical Guide to Emergency Funds

An emergency fund is an essential financial safety net designed to cover unexpected expenses or financial disruptions without the need to incur debt. It acts as a buffer that can help you maintain your financial stability during unforeseen circumstances such as job...
Open End Lease

Mortgage Term: Open-End Lease

Discover the key features of an open-end lease, what it means especially when purchasing a vehicle, and its relationship to mortgages.

Term Loan

Mortgage Term: Term Loan

Understand the different aspects of term loans and how their unique structure can be leveraged to enhance your financial security.

Alternative vs Prime

Alternative vs Prime Lenders

Alternative vs Prime Lenders

Mortgage Assumption

Mortgage Assumption in Divorce

Mortgage Assumption in Divorce: When a marriage ends but the home still makes sense financially and emotionally, the question becomes: how do you keep the house without blowing up the mortgage?

Article Archive

 

Ontario Variable Rate Mortgage Strategy

Reverse Mortgage: Independent Legal Advice (ILA)

Reverse Mortgages and the Affluent Retiree

Funding Your Retirement: Reverse Mortgage

Reverse Mortgage to a Second Dream Home

Reverse Mortgage: Cushion Against Inflation

Struggling Financially as a Senior

Mortgages: Grossing Up Income

What is a ‘Switch’?

Key Features of a Consumer Proposal in Ontario

Mortgages: Consumer Proposal & Bankruptcy

Key Features of Bankruptcy in Ontario

What are Commitment Fees?

Mortgage Availability in a Flood Zone

Canada’s Mortgage Stress Test

Who are Canada’s Private Lenders?

Who are Canada’s Mortgage Finance Corporations?

Canada’s Non-Federally Regulated Mortgage Providers

Who are Canada’s Mortgage Investment Corporations

Does the Stress Test Apply to Private Mortgages?

How Does the Stress Test Work?

American Financial Crisis in Canada?

What is Canada’s Mortgage Default Risk?

Why Canada Needed the Mortgage Stress Test?

What does the Stress Test Prevent?

5 Reasons to Escape the Rent Trap

Why Mortgages are Important to Canada’s Banks

Where You Get Your Mortgage

The Disappearing Office Space

Price of Commuting: Lost Time, Lost Life

Price of Commuting: The Daily Journey into Toronto

Is Ontario’s 407ETR The World’s Most Expensive Highway?

10 Ways Interest Rates Impact Housing Prices

10 Reasons Why Investment Demand Impacts Real Estate Prices

10 Ways Inflation Impacts Real Estate Prices

10 Ways Economic Conditions Impact Real Estate Prices

10 Reasons Real Estate is So Expensive

10 Ways Supply and Demand Impact Real Estate Prices

10 Ways ‘Location’ Impacts Real Estate Prices.

10 Ontario cities with Strong Property Value Appreciation

10 Fastest Growing Ontario Cities

Ontario’s Top Historical Cities

10 Factors Impacting Housing Supply

Ontario’s Worst Crime Cities

10 Shortest Ontario Commute Cities

Ontario’s 10 Most Affordable Cities

The Most Wanted Community Amenities

Ontario’s Top Lifestyle Cities

10 Variable Mortgage Strategies

What is a Trigger Point

How the Trigger Point Impacts Canadians

How to Lock in a Good Rate

How to Take Advantage of Refinancing Opportunities

How to Break a Mortgage

Unaffordable Canadian Cities

Difference between the Economy and Markets

Canadian Real Estate Lacks Capital

How to Control Inflation with Interest Rates

Interest Rates and the Canadian Dollar

The Inverted Yield Curve Omen

How the Bank of Canada Steers the Economy

How Do Credit Scores Work?

How Cred Cards Work

Cred Card Rewards. Who Pays?

The Perfect Time for a Variable Rate Mortgage

What is disability Insurance?

How to Choose the Right Term Length for a Fixed Mortgage

What is Critical Illness Insurance

How to Make the Most of Prepayment Privileges for a Fixed Mortgage

10 Fixed Mortgage Strategies

Why Life Insurance is the Best Mortgage Insurance

How to Optimize Payment Frequency for a Fixed Mortgage

Record Wildfires Impact Lumber Pricing

How Alberta Leaving CPP Impacts You

Why Canadian Interest Rates Remain High

How Much is Airbnb Driving Up Rents

Experts Predict Canadian Dollar Fall

Re-Zoning to Create Affordable, Safe Neighbourhoods?

Why America Thrives and Canada Struggles

Small Business Debt: A Growing Concern for Canada’s Economy

The Housing Market and the Power of Lower Rates

Navigating Changing Interest Rates and Debt in Canada

The Importance of Private Sector Involvement in Affordable Housing

Investing in Real Estate and Infrastructure: Harnessing Long-Term Cash Flows

Canadian REITS Need Capital

Defaulting on Your Mortgage? Exploring the Consequences and Solutions

Australia’s Warning to Canada

Why a 3-Year-Fixed Mortgage May be a Bad Choice in 2024

Buy a property for $10 in Ontario: Town Makes Homeownership Affordable

Why Immigrants are Crucial for Canada’s Economy

Millennials Brace for Economic Pain

Toronto Real Estate: Dominance of Investors and Its Implications

Are You Prepared? Homeowners Brace for Mortgage Renewals

40-Year Canadian Mortgages: What you need to know.

London Addresses Homeless Crisis

The Impact of Mortgage Rates on Residential Property Values

Household Financial Stress Over High-Interest Rates

What’s So Special About 2% Inflation

How Much is Air BnB Driving Up Rent Prices?

Know the Dow, Build Your Down Payment

Mortgage Cash-Out Refinance in Ontario

Mortgage Refinance Options in Ontario

Becoming a Mortgage Guarantor

Mortgage Co-Signer: Risks & Responsibilities

Understanding Tenants in Common Ownership

Understanding Joint Tenancy Ownership

Getting a Joint Mortgage

Why the First Time Home Buyer Incentive Program was Cancelled.

Navigating the CMHC Newcomers Program

Manulife One: Mortgage and Bank Account

Canada’s New 30 Year Mortgage

Leverage Simcoe County Homeownership Program

Leveraging Peel’s BNI Homeownership Bridge Program

Leveraging GTA’s Habitat for Humanity

Leveraging the Kingston Homeownership Program

Leveraging the Dufferin Country Homeownership Program

Leveraging the Chatham/Kent Homeownership Program

Leveraging Gateway Muskoka Homeownership Program

Brantford’s B-Home Homeownership Program

Region of Waterloo Affordable Home Ownership Program

Leverage the Niagara Homeownership Program

Regional and Municipal Homeownership Programs

Mortgage Document Frustration

 

Understanding Cash Back Mortgages

Understanding Cash Back Mortgages

Cash Back Mortgages. Home buying is a naturally expensive thing to be doing. You not only have to pay for the house, but you have substantial closing costs as well. You might want to make your new house ‘home ready’ by getting a few new pieces of furniture and don’t forget new window coverings like blinds, drapes, and curtains (never cheap). Wouldn’t it be nice to get a few thousand dollars back when you fund your mortgage to cover these costs?

read more
Critical Guide to Emergency Funds

Critical Guide to Emergency Funds

An emergency fund is an essential financial safety net designed to cover unexpected expenses or financial disruptions without the need to incur debt. It acts as a buffer that can help you maintain your financial stability during unforeseen circumstances such as job...

read more
Mortgage Term: Term Loan

Mortgage Term: Term Loan

Understand the different aspects of term loans and how their unique structure can be leveraged to enhance your financial security.

read more
Mortgage Assumption in Divorce

Mortgage Assumption in Divorce

Mortgage Assumption in Divorce: When a marriage ends but the home still makes sense financially and emotionally, the question becomes: how do you keep the house without blowing up the mortgage?

read more

Does the Stress Test Apply to Private Mortgages?

The mortgage stress test, as mandated by the Office of the Superintendent of Financial Institutions (OSFI), primarily applies to federally regulated financial institutions, such as banks. However, private mortgage lenders, which are not federally regulated, are not...

read more
How Much is AirBnB Driving Up Rent Prices?

How Much is AirBnB Driving Up Rent Prices?

How much is AirBnb driving up Rent Prices?
Rent prices continue to surge across the country begging the question, “what effect and how much are temporary rentals like AirBnB driving up the cost of rent, and even driving up the cost of housing?

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Finding the Right Realtor

Finding the Right Realtor

Finding a realtor is not just about hiring a professional to help you buy a home; it's about choosing a partner for one of the most significant financial decisions of your life. I used to be a realtor with Royal LePage, then later Sutton Group. I was a consultant at...

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Home Insurance Essentials

Home Insurance Essentials

Home insurance is an essential safeguard for homeowners, providing financial protection against unexpected damage or loss due to a variety of risks. This article explores the critical aspects of home insurance, including its necessity for mortgage holders, coverage...

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Divorce: Alternative or Private?

Divorce: Alternative or Private?

Divorce: Alternative or Private mortgages. Divorce can turn even the strongest household balance sheet upside down. One income disappears, support payments appear, debts get divided, and suddenly the mortgage that worked perfectly before no longer fits the lender’s rules.

read more

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