Tagged: Mortgage Payments

Is Homeownership Right for You?

Is Homeownership Right for You?

Buying a home is one of the biggest emotional and financial decisions you’ll ever make, so prepare yourself to make a knowledgeable decision.

Canadian mortgage debt tops $1-trillion for first time

Canadian mortgage debt tops $1-trillion for first time

The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low interest rates encouraged many more to refinance.

House price or interest rate: Which is more important?

House price or interest rate: Which is more important?

Two housing market shifts encourage potential homebuyers to call real estate agents: drops in housing prices and low interest rates. But deciding which factor is more important than the other can make a difference in monthly payments, the ability to move if your home value drops and HOA fees.