Learn how the mortgage stress test works in Ontario, and how new 2025 rules let eligible first-time buyers access 30-year amortizations to lower monthly payments.

Being self-employed comes with freedom, flexibility, and pride — but when it comes to getting a mortgage, it also comes with a few extra hurdles. If you run your own business, you already know you work harder than anyone else. Getting approved for a mortgage shouldn’t feel like another full-time job. So, let’s simplify it. Here’s what every self-employed Canadian borrower needs to know before applying for a mortgage. 1. More Scrutiny Doesn’t Mean Less Opportunity Lenders don’

Should You Co-Sign or Be a Guarantor for Your Child’s Mortgage in Ontario?

If your adult child is ready to buy a home but can’t quite qualify on their own, your first instinct might be to co-sign or guarantee the mortgage.But before you tie your financial future to theirs, it’s worth exploring other ways to help — ones that support your child without putting your credit or borrowing power at risk . Here are five practical alternatives Ontario parents are using to help their kids enter the housing market safely and strategically. 1. Gift Part (or All

The housing market continues to favor sellers as we move into the summer months. If you’re thinking of selling, this is a great time to do so! Not only will your home likely be listed on the market for a shorter period of time, but most sellers are currently receiving multiple offers on their sale. This is due to the increasingly high demand for housing with limited homes currently available on the market. However, even in a seller’s market, there are some things you can do t

For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also a great option for anyone wanting to assist their elderly parents. Instead of selling the home and moving them to a care home or assisted living, a reverse mortgage is a terrific way to access the equity in the home, month by month, to pay for in-home and ongoi

Did you know? Approximately 15%+ of Canadians1 are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. For self-employed individuals with an established business seeking best rate financing, the business must have a minimum two years of history. This includes self-employed applicants who own a

A vast majority of parents are currently supporting their children (ages 18-35 years) financially, spending an average of $5,623 per year ! This is an extensive additional cost that most parents cannot afford. In fact, over 30% of parents are seeing delayed retirement in order to help kids with post-secondary costs and are facing an inability or delayed timeframe in paying off their own debts. As much as parents want to help their kids, it should not be done at the jeopardy o