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Mortgage News

What is a High-Ratio Mortgage In Canada?

A high-ratio mortgage applies to people that have less than 20% of a down payment… READ MORE

CMHC finds Toronto commuting costs can outweigh cheaper suburban house prices

In the Greater Toronto Area, the added cost of a long commute often outweighs the… READ MORE

Construction Financing and Renovation | Hot Property Online

 According to the 2018 Mortgage Consumer Survey conducted by CMHC, nearly 3/4 of First-Time… READ MORE

Interest rates are rising! Is it time to lock in your mortgage?

On October 24th, the Bank of Canada announced it was raising the benchmark interest rate… READ MORE

BREAKING: Bank of Canada increased the bench-mark interest rate to 1.75% as expected

This morning, Bank of Canada announced to increase the benchmark 1.75 per cent on Oct.… READ MORE

What is a high-ratio mortgage? | Hot Property Online

 A high-ratio mortgage applies to people that have less than 20% of a down… READ MORE

Scotiabank raised its posted five-year fixed rate to 5.44%

As mortgage rates are climbing, qualifying a mortgage becomes more difficult than before. The stress… READ MORE

Sell first or buy first? | Hot Property Online

Recently as the housing market heats up a little bit, we see a lot of… READ MORE

Reverse Mortgage | Hot Property Online

Earlier in this week, we shared a news stating that the balance of reverse mortgage… READ MORE

Canadian Reverse Mortgage Debts Hit New High

Recently, Office of the Superintendent of Financial Institutions (OSFI) filings show that the total balance… READ MORE