Should You Go With A Variable or Fixed Mortgage?

The biggest question that many Canadians will be facing over the next couple of years is whether to go with a fixed rate mortgage or a variable rate mortgage. Unlike our distant North American cousins in America, Canadians have the ritual to renew mortgages every 5 years. It’s too bad that Canadians don’t get the…

Why Are Mortgage Rates Increasing?

Just before the start of a warm, sunny Spring weekend the big banks snuck in a mortgage rate increase of 45 basis points and 20 basis. The two big banks that acted? TD bank and RBC. Two of largest banks in Canada. Now some might think that it’s conspiracy because with warmer Spring temperatures come…

Paying Up Front

Many of us are hesitant to take our own money that we’ve saved and put it into an investment,  but when it comes to buying a house, costing hundreds of thousands of dollars, most people wouldn’t think twice before taking out that six digit loan.  For most people, getting a mortgage means going to the…