rising cost of interest rate mortgage canada

The Rising Cost Of Mortgage Debt After Canada’s Interest Rate Hikes

As interest rates in Canada have recently surged to 4.75%, homeowners and potential buyers are faced with the implications of a higher cost of servicing mortgage debt. This will be amplified by the fact that rates are still below historical norms and may very well head much higher. This article explores the impact of rising…

ByJohn WilsonJune 13, 2023

Mortgage Personal Finance

How Big Of A Mortgage Can I Afford?

As a homeowner, one of the biggest financial decisions you will make is how much mortgage you can afford. With rising interest rates and a still-mostly-growing real estate market, many Canadians seem to still want to jump into the housing market. However, it is essential to have a realistic understanding of what you can afford…

ByJohn WilsonFebruary 8, 2023

Economy Financial News Mortgage Personal Finance

This 40 Year Mortgage Extension Can Avoid You Losing Your Home

When you experience significant financial hardship, it can feel like your world is crashing down around you. You may be struggling to pay your bills, keep a roof over your head, or put food on the table. It can be a very stressful and overwhelming time. There are some things that you can do to…

ByJohn WilsonDecember 6, 2022

Mortgage Personal Finance

First National Mortgage Review

First National started offering services in Toronto, Canada in 1988. They offer a wide range of banking and financial services in Canada, including personal and commercial banking, wealth management, and investment banking. With more than 1600 employees and $129.3 billion in mortgages as of October 2022, the company is one of the…

ByJohn WilsonNovember 25, 2022

investments fluctuating on computer screens

Investing Mortgage Real Estate Stocks

Types of Investments Available to Canadians

There are many different types of investments, including stocks, bonds, mutual funds, ETFs, real estate, and more. Each type of investment has its own set of risks and rewards, so it's important to understand the basics before investing your money. 1. Stocks Stocks are ownership interests in public companies. They typically offer high potential returns…

ByJohn WilsonNovember 14, 2022