Mortgage Reforms Announced by the Government of Canada
The Government of Canada was busy the last few months, introducing major mortgage reforms to make homeownership more accessible and affordable for Canadians. Here’s a summary of all…
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Prepayment Privileges: Speed Up Your Mortgage Pay-down!
The prepayment privileges that come with your mortgage are there for a reason – they help you pay off your mortgage faster and reduce your interest costs. Prepayment…
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Exploring Mortgage Amortization Extensions
Recent inflation numbers indicate that inflation is slowing, and many economists are saying that the most recent drop in the inflation rate will give the Bank of Canada…
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Breaking Down the Latest Mortgage Reforms: Key Insights You Shouldn’t Miss
As announced on September 16, 2024, the federal government is expanding eligibility for 30 year amortizations for insured mortgages to all first-time homebuyers and all purchasers of new…
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Be Prepared! Expert Tips for Mortgage Renewal Success
Recent data from Mortgage Professionals Canada shows that 23% of all Canadian mortgage holders will renew their mortgage within the next year, and a staggering 50% will renew…
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Big mortgage rule changes
In a press release issued September 16, 2024, the Canadian government announced two major changes to mortgage rules, building on earlier reforms announced in the federal budget. Calling…
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