Housing affordability: What happens when lower home prices take on higher borrowing costs?

Canadian home prices are falling. Borrowing costs are increasing at an incredible rate. It’s the battle royale of home ownership affordability: Will wannabe home owners benefit from the real estate…

The best five-year fixed mortgage rates in Canada 2022

Mortgage rate comparison After consecutive years of record-low interest rates in Canada, we are entering a period of rising rates—which makes the cost of borrowing money, be it for a…

MoneySense Toolkit: The mortgage payment calculator

Mortgage payment calculator For the majority of Canadians, buying a home will be the single biggest purchase they ever make, and getting a mortgage is an essential part of this…

MoneySense Toolkit: The mortgage renewal calculator

Mortgage payment calculator Mortgage renewal can be a stressful time for Canadians. There are a lot of decisions to be made, including whether or not to stick with the same…

MoneySense Toolkit: The mortgage refinance calculator

Mortgage payment calculator Depending on your circumstances, refinancing your mortgage can be a smart financial choice. However, while you can reap substantial savings, there can also be high costs when…

MoneySense Toolkit: The CMHC mortgage insurance calculator

CMHC insurance calculator If you want to buy a home and have a down payment of less than 20% of the purchase price, you’ll need to purchase mortgage default insurance,…

MoneySense Toolkit: The land transfer tax calculator

Land Transfer Tax Calculator Buying a home is an exciting process with many unexpected costs. Beyond your down payment, you’ll also be responsible for paying legal fees, appraisal costs, title…

How Much Mortgage Can I Afford?

How much mortgage can I afford? Try our mortgage affordability calculator and learn how to achieve your dream of homeownership. The post How Much Mortgage Can I Afford? appeared first…

BMO Mortgage Rates Overview

If you’re on the hunt for a new property, read our primer on BMO’s mortgage rates to get an idea of the rates and mortgage types the popular bank offers.…

Things You Should Do to Get Approved For a Mortgage

Getting approved for a mortgage is an essential step towards homeownership. Read our top seven tips on how to get approved for a mortgage. The post Things You Should Do…