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…
Tag: Mortgages
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…