The housing affordability crisis in Canada has become a daunting challenge for numerous citizens, rendering homeownership an elusive dream. The Canada Mortgage and Housing Corporation (CMHC) highlights the urgency of adding 3.5 million housing units by 2030 to restore affordability. As the debate on short-term relief measures intensifies, experts offer varying perspectives on potential solutions. […]

In exciting news for the Canadian mortgage industry, BMO is set to re-enter the mortgage broker channel with the launch of BMO BrokerEdgeTM in early 2024. This strategic move comes after a hiatus of over a decade, and it aims to revolutionize the broker market by providing unparalleled value and a seamless experience to brokers […]

Headline Inflation Slows Down Canada’s economy experienced a notable development in June, as the headline inflation rate slowed down to 2.8%, marking its slowest pace since March 2021. This decrease was surprising to many, as it fell below the market’s expectations of a 3% reading. On a monthly basis, the increase in headline inflation was […]

Canada is experiencing a remarkable surge in housing demand, driven by its population boom, which has led to soaring home prices. As the historical gap between population growth and property price increases widens, experts predict that this trend will intensify in the years to come. With record-breaking immigration numbers and increasing house starts, the Canadian […]

In the past couple of weeks, mortgage lenders, including prominent institutions among the Big 6 banks, have experienced a notable upswing in mortgage rates. This surge can be attributed to a substantial increase in the Government of Canada 5-year bond yield, a crucial determinant of fixed mortgage rate pricing. As of Monday, the yield reached […]

Real estate investing has traditionally been associated with high barriers to entry, high transaction costs, and limited access to data. However, in recent years, technology has been transforming the real estate industry, making it easier for investors to access real estate opportunities and enabling more efficient property management. In this article, we will explore how […]

Self-employed people have particular difficulties getting a mortgage. Compared to individuals with regular jobs, entrepreneurs may encounter challenges obtaining approval for a self-employed mortgage due to their fluctuating income or difficulty verifying it. In this tutorial, we will discuss the benefits of self-employment, the necessary paperwork, eligibility criteria, selecting the appropriate lender, and exploring alternative […]

Finding the greatest mortgage rates in Ontario is crucial for every purchaser or homeowner in Ontario. With so many lenders giving competitive rates, it’s vital to browse around for the lowest pricing. In this post, we’ll walk you through the steps you need to follow to obtain the best mortgage rate in Ontario.   Understanding […]

A home equity line of credit (HELOC) may be an appealing option for Ontario homeowners who want to access their home equity for large expenses such as house improvements or school tuition. But, before making this financial decision, it is critical to understand the impacts of HELOC interest rates. Here’s what you should know about […]

Saving for Your Child’s Future: A Guide to Registered Education Savings Plans Let’s discuss Registered Education Savings Plans. As a parent, you want the best for your baby. One strategy to safeguard their future is via investing in their education. The price of post-secondary education continues to climb, making it challenging for parents to support […]