Canada is a nation of homeowners, with nearly 70% of Canadians owning a home. Homeownership comes with many benefits, but one of the best is building equity. Equity represents the difference between what you can sell your home for and the amount you still owe on the...
“In 2024, the mortgage stress test is no longer just a hurdle—it’s a deal-breaker for many homeowners seeking equity loans.” That’s the reality facing countless Canadians today. As mortgage rates fluctuate, the Bank of Canada continues to adjust its lending...
“Losing your job is stressful enough. Adding a mortgage payment to the equation can feel overwhelming.” In today’s economic environment, more Canadians are facing unemployment, and many of them are homeowners struggling to keep up with their mortgage payments. If...
“The Canadian real estate market is always full of surprises, but 2024 has been a year like no other.” With headlines focused on fluctuating home prices, many homeowners are left wondering, “What does this mean for my equity?” Whether you’re considering tapping into...