Homebuyers and homeowners rushed to join the party when the pandemic produced some of the cheapest mortgages in Canadian history. Extremely low interest rates, fewer home listings and high demand fuelled sales. As a result, over half a million homes homes changed hands in 2020, according to the Canadian Real Estate Association. But now, 5…
It doesn’t really get easier with the real estate market during this pandemic. Less homes on sale, lower prices, and this latest to name a few! But what makes it more complicated with refinancing? They are uninsurable, so the lending risk sits squarely with the lenders; whereas purchase transactions facilitate changes of ownership, and the…
People have always been buying houses so many people think it is easy to get a mortgage. In reality, it isn’t as simples as walking into a bank and asking for a loan so you can go buy a house. The mortgage process has several steps and could take some time. Here are 5 things…
