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…

Making sense of the markets this week: July 10

This week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors. The first half of 2022 asset scorecard—not good The S&P 500 entered a bear…

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 affordability calculator

Mortgage Affordability Calculator Mortgage affordability is an essential part of setting up your home-buying budget, and it’s based on a variety of factors. If you’re looking to buy a home,…

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…

What is a Mortgage? A Simple Guide for Mortgage Noobs

What is a mortgage and how does a mortgage work? If you’re buying a home, you’ll need to know about this type of loan used to buy property. The post…