The recent rate hike has caused financial imbalances in the budget of many Canadians according to MNP Consumer Debt Index

Canada’s federal Liberal Administration unveiled their strategies and plans to tackle the country’s housing affordability crisis.

The insured 5-year fixed rates are now averaging 3.98% while the uninsured mortgages average 4.12% due to another increase in bond yield.

If you are applying for a mortgage for the first-time, then there might be some terms you would not be familiar with.

April home sales reduced in major metro area, however, prices held their ground, according to housing data.

With open mortgage, you can make more regular payments but with closed mortgage, your interest rates are lower compared to open mortgage.

44% of Canadians have completed their house renovations in the past year or are planning to renovate their houses in the future.

OSFI’s Annual Risk Outlook depicts several issues in the housing market which has led to OSFI outlining potential regulatory responses.

Reverse mortgages are a type of mortgage product that is available for Canadians who are 55 years old and above.

Variable mortgage rates are increasing because prime rates have been increased to 3.20% and overnight target hiked from 0.50% to 1.00%