Is your credit score high enough to get approved for a mortgage in the GTA?
Whether or not you get approved for a mortgage in the GTA has a lot to do with your credit score, among other factors such as your employment status and debt levels.
Toronto housing market still at risk of overvaluation
The Canada Mortgage and Housing Corporation (CMHC) released its quarterly Housing Market Assessment (HMA), announcing that the national market is highly vulnerable for the seventh consecutive quarter.
8 Common Mistakes Most Homebuyers Make
Becoming a homebuyer and applying for a mortgage can seem overwhelming. Especially if it's your first time.
Housing starts hit record highs and lows across Ontario
The Canada Mortgage and Housing Corporation released its housing starts results for December 2018, reporting an elevated annual level when compared to historical averages.
Canadian housing starts drop for fourth consecutive month
The Canada Mortgage and Housing Corporation released its housing starts results for October 2018, reporting a decline in the national trend.
Greater Toronto Area home sales drop as prices continue to rise
The Toronto Real Estate Board released its monthly resale housing market results for February 2019, reporting a drop in sales and a need to revise the mortgage stress test.
Real Home Costs
Remember that while you may have your mortgage under control you will need to plan ahead to cover some of the other costs of home ownership.
Canadian housing market still highly vulnerable as overvaluation eases in Toronto
The Canada Mortgage and Housing Corporation released its quarterly Housing Market Assessment, reporting that the country’s housing market overall is still highly vulnerable, mostly due to price acceleration and overvaluation.
The mortgage stress test is flawed because it doesn't consider income growth
There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?
Give Yourself Credit
Lenders want to know your ability and your willingness to pay back your mortgage before they give you one.
