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With housing affordability at the forefront of Canadian concerns, 2025 has ushered in significant mortgage policy changes aimed at easing the burden on homebuyers. These reforms include extending amortization periods to 30 years for first-time buyers and increasing the insured mortgage cap from $1 m...

The Bank of Canada has officially reduced its benchmark interest rate by 25 basis points, bringing it down to 3.0%. This long-anticipated move signals a shift in the central bank’s monetary policy as it aims to stimulate economic growth while managing inflation.

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Are you a homeowner looking to leverage the equity in your house for financial flexibility? Have you considered a Home Equity Line of Credit (HELOC) but are unsure if it’s the right choice for you? 

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In Canada, the real estate mark...

Private Mortgage Insurance (PMI) is often required by lenders when homebuyers put down less than 20% on a mortgage. Understanding PMI lender requirements can help you better prepare for the homebuying process and secure your dream home. 

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Private Mortgage Insurance (PMI) is often required by lenders when homebuyers put down less than 20% on a mortgage. Understanding PMI lender requirements can help you better prepa...

Private Mortgage Insurance (PMI) can significantly impact your monthly mortgage costs, but it doesn’t have to be a long-term burden. By implementing smart strategies, homeowners can reduce or eliminate PMI and save money over time. 

1. Increase Your Down Payment: 

Making a larger down paymen...

Mortgage Insurance Premiums (MIP) are a significant component of homeownership costsfor many Canadians, particularly those with high-ratio mortgages. Designed to protect lenders against default, MIP enableshomebuyers to secure mortgages with less than a 20% down payment, making homeownership more ac...

Private Mortgage Insurance (PMI) is an essential consideration for many first-time homebuyers who are purchasing a home with less than a 20% down payment. PMI protects lenders in case of loan default and allows buyers to qualify for a mortgage with a lower initial investment. 

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