There’s an undeniable financial shift in Canada. In 2025, many Canadians will see mortgage rates increase due to economic pressures and policy changes. Household budgets have become strained…
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Adjustable-rate mortgages (ARMs) are becoming more popular as they offer interest rates that can vary over time, unlike fixed-rate mortgages which have a constant rate throughout the term. While ARMs can benefit borrowers when interest rates fall, they also pose the risk of increased payments if rates rise, making it crucial to understand how these fluctuations impact both interest and principal payments. Learn more.
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Applying for a mortgage approval is a long and tedious process. The time it takes also depends on where you start—if you’ve found a home yet, what type of loan you are getting, how prepared you are with your documents, what type of lender you will be borrowing from, etc.
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