With nearly 60% of Canadian mortgages up for renewal in 2025-2026, homeowners face significant payment increases. Interest rates are projected to decline, but affordability remains a challenge. Mort...
If you’re a homeowner in Canada, you might be sitting on a significant amount of home equity without realizing its potential. Understanding how to leverage this equity can open up financial opportunities, whether it’s for home renovatio...
If you’ve read parts 1 and 2 of our Reverse Mortgage series, you are hopefully better informed about the myths and misconceptions, advantages and disadvantages of this financial tool. Now let’s take a look at the available products and ...
With so many ‘Baby Boomers’ reaching retirement age (and beyond), there’s no shortage of advertising for reverse mortgages. It’s a popular financial tool for some retirees, in particular those who have become ‘house rich and cash po...
Hopefully, you’ve read Part 1 of this reverse mortgage series, where we have cleared up some of the myths and misconceptions about this financial tool.
We have one final concern that wasn’t addressed in the previous blog, which was wheth...
If you don’t know what a “stress test” is, you should probably learn what it’s about before searching for your first home. If not, you might hurt your chances of being approved for a mortgage.
A stress test is performed by a mo...
The Ontario Standard Lease. 5 Questions, Answered.
If you plan on signing a new lease, make sure you know about the standard lease that will be mandatory in Ontario as of April 30, 2018. Landlords can no longer write their own leases; ...