Learning Centre
Credit score tips you need to know
There's a virtual file record with your name on it! When it is time to take on a home loan, that virtual record gets accessed and the outcome is a credit score that will help decide if and the amount you can get, at what rate and if you are eligible at all....
Different approaches to access value in your home
Acquiring a home may appear to be a one-time purchase, however it's a long-term investment. As you keep on living in the home, the property should start to appreciate and subsequently, you will start to expand value. Your home's value is the estimation of your home...
The real estate market and mortgage rates predictions for 2021
For anybody keen on entering the real estate market, understanding home loan rates is a key factor. Your home loan makes up a huge lump of your home costs, so it largely affects your accounts. Rates in 2020 dropped to a record-breaking low – so what are the 2021 rates...
Bank of Canada remains 0.25% rate in its first policy statement for 2021
In its most recent declaration, the Bank of Canada held its objective for the overnight rate at the viable lower bound of 0.25%, with the bank rate at 0.5% percent and the store rate at 0.25 percent. "The bank is keeping up its remarkable forward direction,...
TOP 5 Mortgage Financial Goals for 2021
Following a year like 2020, odds are monetary goals and objectives are presumably on the vast majority of people's minds. With the correct arrangement set up, you can adhere to your monetary goals and start the new year in a better note than 2020. To assist you with...
Mortgage and Housing Forecasts for 2021
The 2020 pandemic impacted most of people’s lives, while social equality protests in North America and across the globe have generally changed the manner in which we take a gander at the world. Certainly, the more common pieces of our reality have changed as well,...
Homeowner had to pay $22,000 in penalties for breaking his mortgage in Ontario
Many Canadian homeowners are considering taking advantage of the historic low rates to refinance their mortgages. But it is important to keep in mind that breaking a mortgage can result in high penalties. A family in Mississauga decided to upgrade from their town...
Toronto home prices set a new low record
The home prices in Toronto continue to recover, with the average selling price of $943,710, setting a new record for the month of July. According to the Toronto Regional Real Estate Board (TRREB), that means a 16.9% increase compared to last year. Regarding home sales...
Ontario’s cottage real state market grows amid the corona virus pandemic
The pandemic brought some curious changes in the real estate market. Because travel is more restricted now, it led individuals to look for rural areas. The demand for cottages has increased in a way never seen before, making agents very surprised by the new trend....
Airbnb declines amid the COVID-19 pandemic, which means good news for renters and home buyers
Amid the uncertainty that the pandemic brought to the Canadian, there might be a silver lining for renters and home buyers. When the lock down is finally over, which will most likely happen soon, renters and home buyers will deal with a more reasonable house market....