Buyers
Buying a home is one of the biggest financial and lifestyle decisions you will make, so it pays to make… [more]
Refinancing
Many homeowners wished they’d asked more questions when they got their mortgage. They assume there’s… [more]
Tax Deductable Mortgages for Canadians - YES Really!
The way that mortgages are treated in the Canadian tax code is slightly different than in the U.S. One… [more]
Why Use a Broker?
10 Great Reasons Get independent advice on your financial options. As independent mortgage brokers… [more]
CHIP Home Equity Plan
ABCs of CHIP Wouldn't it be nice if you had the money to do more of the things you want to do? A CHIP… [more]
Why a Reverse Mortgage is Smarter than Credi
For many people who are getting a reverse mortgage, the choice is between a home equity line of credit, taking out more credit card debt, or a reverse mortgage. There are advantages and disadvantages to each particular method of financing. The biggest disadvantage of any credit in retirement is the potential for interest to eat [...]
Women more likely to be first-time homebuyers, Canadian poll finds
Down payment a top concern among women By Mario Toneguzzi, Calgary Herald Women are more likely than men to be first-time homebuyers among Canadians who plan to buy a home within the next two years, according to the 19th Annual RBC Homeownership Poll released Monday. The poll said 49 per cent of women and 35 [...]
Canadians’ debt no reason for rate hike – bank
OTTAWA | Wed May 9, 2012 May 9 (Reuters) – One of the key reasons for the Bank of Canada to raise interest rates – rapid growth in household credit – has disappeared, with household credit now rising at the slowest pace since 2002, a Canadian bank economist said in a report on Wednesday. “The [...]
Spring Mortgage Market Update (2012)
David Larock in Mortgages and Finance, Home Buying It’s time for the powers that be to pick our poison. Do they keep short-term interest rates at ultra-low levels to protect our broader economy from the economic turmoil still raging beyond our borders, even if doing so increases the risk of a debt bubble? Should they [...]
Fixed-rate interest surpasses variable options
By Myke Thomas CALGARY, AB – More than 40% of prospective home buyers in Canada say they will choose a fixed-rate mortgage when it comes time to buy, according to the 19th annual RBC Homeownership Poll. The 42% looking at fixed is exactly twice as many as those who would choose a variable rate, says [...]
