Category: Mortgages Explained

Mortgages in Canada come in 2 main types, fixed rate and variable rate. At any point in this official mortgage rate type guide you can jump to a section: …

Congratulations! You’re finally at a place in your life where buying your first home seems achievable. You’re scared but excited, intimidated but optimistic, nervous but determined. Buying your first …

On May 20, 2021 Canada’s department of finance announced new qualifying rates for all uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) announced that effective June …

You are probably reading this article because you have a general idea of what a mortgage broker is, but are wondering why use one? What value does a mortgage …

In late 2017 the federal government introduced a mortgage stress test for Canadians that are applying or renewing a mortgage. Again on April 6, 2020 the stress test changed …

In this blog post we’re going to answer a very common question; how long does it take to get approved for a mortgage in Canada? Alex Lavender has been …

It is important to know the difference between an approval and a pre-approval for a mortgage. A pre-approval is based on estimates using theoretical figures for a property. An …