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Home Equity: What is home equity and how do I use it?

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When you take out a mortgage to buy a home, it might seem like you’ve just taken on a huge amount of debt. While this is partly true, you also need to consider the value of your new home. Because your mortgage debt roughly equals your home’s value, your overall wealth will not have changed […]

Coronavirus and the Canadian mortgage market: Predictions

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The coronavirus pandemic is one of the biggest disruptions to our way of life since the second world war, and we’re not out of the woods yet. Until a vaccine is widely available and adopted – which could take a year or more – we’ll likely see a new set of rules and routines in […]

7 Tips for First Time Home Buyers

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Ready to purchase your first house? These 7 tips will get you the keys to your dream home. 1. Make sure you are down with the minimum down payment Did you know that your minimum down payment is determined by your home’s purchase price? The absolute minimum down payment in Canada is 5% for homes […]