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At Mortgage Teacher, we're dedicated to helping you make smart mortgage choices. Follow our blog to stay up-to-date on recent Canadian mortgage trends, latest mortgage news, and changes to mortgage rules. Our team of mortgage brokers offer the best advice for both first time home buyers and current homeowners on refinancing, renewals, construction, renovations, and more.
Should you withdraw from your RRSP to buy a house?
Certified financial planner Jeanette Brox says young Canadians still have a good reason to withdraw from their retirement plan to buy a house: current prices.
Five signs you are ready to take the home-buying plunge
It may seem obvious, with today’s low interest rates, high rents and a strong housing market: If you’ve got the money, buy now. But how to know when you are truly ready to make the leap?
A first time ever from a bank...
Like we mentioned last week... "will the banks follow?" well that question has been answered, and its a first for our Canadian banks.
SURPRISE! ...Bank of Canada drops key rate to .75{ea18e790148ddb141722068dfb73f9f74b06205fa18c7d39ece0e7144d0672b8}... but will the banks follow?
If you have a variable mortgage, this concerns you…