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The Mortgage Renewal Tsunami: Many Homeowners Will Struggle With Higher Payments

The Mortgage Renewal Tsunami: Many Homeowners Will Struggle With Higher Payments As we approach 2025, a significant undercurrent is beginning to stir in the housing market—a tsunami of mortgage renewals that could dramatically reshape the financial landscape for homeowners across...

February 26, 2025

Mortgage

How Debts Affect Your Mortgage Approval in Canada

Mortgage Approvals & Debts When applying for a mortgage in Canada, lenders assess multiple factors, including income, credit history, and current debt levels. Your total debt load plays a crucial role in determining whether you qualify for a mortgage and...

February 24, 2025

Tariffs Will Accelerate the Negative Pressure On Housing Affordability

Mortgage

Tariffs Will Accelerate the Negative Pressure On Housing Affordability

Tariffs Will Accelerate the Negative Pressure On Housing Affordability In recent years, Canada has faced increasing challenges in its housing sector, with affordability being a major concern for prospective homebuyers. Now, with the looming threat of potential tariffs on key...

February 20, 2025

Do You Get Money If Your House Is Foreclosed? What Homeowners Should Know

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Do You Get Money If Your House Is Foreclosed? What Homeowners Should Know

Foreclosure is a stressful and overwhelming experience for homeowners. If you’re facing foreclosure or have already gone through it, you may be wondering: Do you get any money if your house is foreclosed? The answer depends on multiple factors, including...

February 19, 2025

Property Taxes

Property Taxes Paid in Arrears: What Homeowners Need to Know

Introduction Property taxes are a mandatory cost of homeownership, and missing payments can have serious consequences. When property taxes are paid in arrears, it means they are overdue, and the homeowner is behind on payments. If left unpaid, the municipality...

February 17, 2025

Spring 2025 Real Estate Market: How Bank of Canada Rate Cuts Could Transform the Season

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Spring 2025 Real Estate Market: How Bank of Canada Rate Cuts Could Transform the Season

As we enter the much-anticipated spring 2025 real estate market, buyers, sellers, and investors are watching closely for signals from the Bank of Canada (BoC) regarding its interest rate policy. Spring is traditionally the busiest time for real estate transactions,...

February 15, 2025

Understanding Writs, Judgments, and Home Equity: A Guide for Homeowners

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Understanding Writs, Judgments, and Home Equity: A Guide for Homeowners

Introduction Writs and judgments can have a serious impact on homeowners, especially when they result in liens or other legal claims against a property. Many homeowners find themselves facing financial difficulties due to unpaid debts, leading to court judgments and...

February 12, 2025

Mortgage

How Mortgage Options Are Limited By Credit Scores and Debt Ratios

Introduction For many Canadians, securing a mortgage is the key to homeownership. However, lenders evaluate multiple factors before approving a mortgage application, including credit scores and debt ratios. Understanding how these metrics influence mortgage options can help prospective buyers prepare...

February 10, 2025

A Beginner’s Guide to Mortgages in Canada

Finance Home Equity Loan Mortgage

A Beginner’s Guide to Mortgages in Canada

A Beginner’s Guide to Mortgages in Canada Introduction Buying a home is a significant milestone, but for most Canadians, it requires taking out a mortgage. A mortgage is a loan used to purchase real estate, typically repaid in installments over...

February 7, 2025