Featured Posts

Variable-Rate Mortgages Payment Increase Implications for Borrowers

As mortgage interest rates in Canada have increased there have been questions about a little know clause called the mortgage trigger rate. Canadian banks generally offer two different types of mortgage, one is a fixed mortgage with a set interest rate and term the other is a variable interest rate mortgage. Learn more

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

Sell and Rent Back Option in Ontario

Cash home buyers in Ontario provide a quick sale option and the possibility of letting the sellers rent the property and live as tenants. This process works well for people who need cash quickly and don’t have a new address to call home right away after they’ve sold their existing home. 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