by Harrison White | Oct 21, 2021 | Mortgage Education
According to reports, April 2021 saw the highest single-month increase in mortgage debt – ever. Canadians added almost $18 billion in new mortgages that month putting mortgage debt in Canada at an all-time high. Canadian homeowners now owe nearly $2 trillion to...
by Harrison White | Sep 13, 2021 | Mortgage Education
Overall, Canadians have more mortgage debt now than they have ever had. The pace of increase in Canadian housing costs has been news for a long time. Furthermore, in a recent survey, 75% of people who want to buy a home believe they cannot afford one and more than 70%...
by Harrison White | Aug 20, 2021 | Mortgage Education
Mortgage lenders are doubling down on capturing borrowers’ attention with advertising on TV, radio and all over the web. Google ‘mortgage rates in Burlington’ just once, and for the next few months, you’ll be targeted with offers for...
by Harrison White | Nov 21, 2020 | Mortgage Education
It is widely accepted that Canada is a great place to invest in real estate. It is a way to generate monthly rental income and also to build wealth over time through increases (appreciation) in the real estate market. What makes real estate very different from many...
by Harrison White | Oct 28, 2020 | Mortgage Education
The two main types of mortgages in Canada are Variable and Fixed. With a fixed-rate mortgage, your interest rate (and payment) stay the same throughout the term (i.e., 5-years fixed). Whereas with variable-rate mortgages, your interest rate (and payment) can fluctuate...
by Harrison White | Sep 11, 2020 | Mortgage Education
2020 saw the beginning of a worldwide pandemic, and with it came the halt of regular life and the beginning of a new normal. For many Canadians, this new normal meant saying farewell to commuting to the office in favour of working-from-home. With the fall months...
