Are Private Lenders Better than Banks?

Are private lenders a better choice when you’re looking to take out a mortgage for a house? Are they better than the banks? The answer depends on several factors like whether you’re looking for a short-term or long-term product. Learn more

What to Do When Your Mortgage Application is Denied

Applying for a mortgage –– or any type of loan for that matter –– can be quite stressful if you don’t know your options. With a mortgage, as well as a mortgage renewal and refinancing, you’re getting loans to help purchase a home to live in, so having your application rejected can be terrifying to most people. This is why you should always prepare for your application to be rejected in advance. Learn more

Assignment Sale Trends in Ontario for 2022

In this article, we’ll explore what an assignment sale is, why people perform assignment sales and what are the most common uses for them, the new taxes on assignment sales in Ontario for 2022, and some future predictions. Learn more

Is 2022 a Good Time to Sell a House in Ontario?

If you’re looking to sell a home fast, you’ll need to hit the right part of the cycle and jump in during a seller’s market. Deciding whether 2022 is that time means looking at some trends and stats. Learn more

Statistics on Mortgage Arrears in Canada for 2022

Mortgage arrears are the missed or late payments on a mortgage loan. Also known as mortgage delinquencies, this is known as “default” because it does not honour the terms of a mortgage agreement, which is typically paying a monthly fee on time. Mortgage arrears, left unpaid, can result in the lender's power of sale or foreclosure of a property. Learn more

Refinancing Myths Dispelled

Refinancing your mortgage can provide a number of advantages. You might be able to get a better mortgage rate and lower your monthly payments. However, first-time refinancers can find some surprises like resetting a payment timeline, credit checks, and closing costs.

How to Estimate the Value of a Property Using HouseSigma

So how do we correctly estimate the value of a property? There are a lot of ways to know how much a property is worth, each method using different calculations and factoring in characteristics of the properties such as the location, living area, construction year, number of rooms, inclusions (pool, terrace, veranda), proximity to schools, shopping area, public transportation, current market condition (buyer’s/seller’s market), city migration, and many many more.

Wrapping Up the Real Estate Highlights for 2021

Teaser: The Private Lending Sector cruised through the COVID-induced insecurities of 2021. Mirroring the trend in the Canadian mortgage sector in 2020, unlike some of the other business sectors in the Canadian business landscape, the private mortgage space has been…