How to Effectively Save for a Downpayment
There are a number of ways that you can save for a downpayment on a home. But which ones actually work? Here we have put together a list of things…
A Beginners Guide to Mortgage Insurance and how does it affect you?
A Beginners Guide to Mortgage Insurance and how does it affect you? Mortgage default insurance, also known as CMHC insurance, is mandatory for Canadian homeowners who have a downpayment of…
What to do when your credit score is too low for a mortgage
If you're preparing to buy a home, you probably know that your credit score is important. Maybe you've already been turned down for a mortgage because of a low credit…
Canadian Mortgage Rules
Changing regulations in Canada’s mortgage market Since 2008, the federal government has made several changes to the rules for mortgages insured through the Canada Mortgage and Housing Corporation (CMHC) and…
Why smaller down payments can lead to better mortgage rates
It doesn't make much sense, but a skimpy down payment on a home might actually get you a better mortgage rate in today's market. Blame the government subsidy known as…
RRSP Home Buyers’s Plan
One great source of funding for your mortgage down payment is a Registered Retirement Savings Plan (RRSP). The Canadian government's Home Buyers' Plan allows you to borrow from your RRSP…