When calculating if you can afford to purchase a property, don’t just figure out a rough downpayment and quickly move on from there....

If you’re going through or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow...

The bank of Canada (BOC) has 8 pre-scheduled meetings each year where they decide if they want to impact the overnight lending rate...

It’s a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that the lender is somehow obligated to renew your mortgage. The truth is, a lender is never under any obligation to renew your mortgage. When you sign a mortgage contract, the lender draws it up for a defined time, so when that term comes to an end, the lender has every right to call the loan. Now, granted, most lenders are happy to renew you

Porting your mortgage is when you transfer the remainder of your current mortgage term, outstanding principal balance, and interest rate...

Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of...

If you have a variable rate mortgage and recent economic news has you thinking about locking into a fixed rate, here’s what you can...

Today, in its second scheduled policy decision of 2022, the Bank of Canada made good on its pledge to increase interest rates in the face...

This week’s interest rate announcement by the Bank of Canada was almost universally expected to bring an increase; probably 0.25% but...

You’ve most likely heard that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single...