Mortgage payments going up at renewal? Here’s what to do
Many Canadians will face a jump in mortgage payments at renewal. We spoke to experts about how to manage...
Mortgages
Variable mortgage rates regaining traction as Bank of Canada cuts rates
As the central bank signals more rate cuts may be coming, borrowers are starting to reconsider the once popular...
Making sense of the Bank of Canada interest rate decision on September 4, 2024
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Bank of Canada lowers interest rate again and may change pace of next cuts
The central bank’s third consecutive rate cut brings key interest rate down to 4.25%.
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The best 5-year variable mortgage rates in Canada
Five-year variable-rate mortgages offer potential cost savings to buyers who can manage changes in market interest rates. Here’s how...
How does a reverse mortgage work in Canada?
A reverse mortgage advances you funds from a house you own. Find out if this option is right for...
What is porting a mortgage in Canada—and when should you do it?
While there are many factors to consider, porting a mortgage makes the most sense when your existing mortgage rate...
What happens if your mortgage renewal is denied?
Many home owners are experiencing “rate shock” upon renewal—and in some cases, getting turned away by their lender. Here’s...
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Why a reverse mortgage should be a last resort for most Canadian retirees
Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...