In its Annual State of the Residential Mortgage Market in Canada report, Mortgage Professionals Canada, reveals Canadians are finding ways to increase their down payments and start the process of retiring their mortgage debt. The fall report, prepared by Mortgage Professionals Canada Chief Economist [...]
The federal government is tightening mortgage rules, which are clearly aimed at slowing down the Toronto and Vancouver housing markets. As of Feb. 15, there will be additional down payment requirements for homes that sell for between $500,000 and $1 million. The current 5% minimum down payment [...]
For many Canadians, mortgage payments are their single biggest expense. Yet most don’t comparison shop to ensure they’re getting the best mortgage rate and terms available, which can cost tens of thousands of dollars over their mortgage years. Don’t make the same mistake! Here are [...]
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