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%.
Real Estate
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...
Advertisement
Tax implications of adding a child’s name to your rental property
To fully understand the potential tax outcomes, consider legal versus beneficial ownership, the capital gains inclusion rate, changes to...
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...
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...
Open bidding in Ontario: Game-changer or business as usual?
An Ontario law came into effect last year, designed to add transparency to the home-bidding process. Has it changed...
Advertisement
A parents’ guide to home down payment gifts and loans
Many parents loan or gift money to their adult children for real estate purchases. Here are the legal and...