Debts Deferred or Suspended? Read This…
With the COVID-19 pandemic ongoing, many debts have been deferred or suspended. For instance, Canada’s big banks have been offering mortgage deferrals on a case-by-case basis. The Government of Canada has temporarily suspended federal student loan payments. Some credit card providers have offered deferrals on payments. Some car loan lenders and utility providers have also […]
Facing a 2019 Mortgage Renewal? 3 Things You Need to Know
In a month-and-a-half, it will officially be 2019. What will the future bring for you? If you’re anything like almost 50% of Canadian homeowners, it might bring a mortgage renewal. The Bank of Canada estimates that 47% of residential Canadian mortgages with Big 6 banks will be up for mortgage renewals in the coming year, […]
TREB Has to Make Sold House Prices Public – What This Means for You
An important court case involving the Toronto Real Estate Board (TREB) could have big benefits for consumers when it comes to sold house prices. For nearly seven years, TREB has been trying to keep sold house prices private — meaning only real estate agents or other mortgage professionals could access those figures. But on August […]
New Mortgage Rules Make Now the Best Time to Refinance to Consolidate Debt
A few weeks ago, we discussed the current housing market and the fact that it seems to be cooling. This comes, many have argued, as a direct result of the Ontario government’s 16-point Fair Housing Plan. This plan, which attempts to bring about some balance to the housing market, comes on the heels of new […]