BlackNorth Initiative now has mo…

The BlackNorth Initi…

Buying A Typical Home In Canada?…

Mortgage rates might…

CMLS: Commercial mortgage market…

The last quarter of …

CMHC: Cost gap between owning an…

The gap between the …

Bank Of Canada Data Shows They’r…

Canada’s central ban…

How long does it take the averag…

National Bank of Can…

What the Keystone XL cancellatio…

It didn’t take long …

«
»
Social Media
Visit Us On TwitterVisit Us On FacebookVisit Us On Instagram

Tag Archives: Credit & Debit

Revealed – how high reverse mortgage debt became in Canada in 2020

  • Written by:

The borrowing spree of Canada’s elderly is showing no signs of slowing down, with the national reverse mortgage debt balance swelling by 12.55% annually to reach $4.42 billion before the end of 2020. According to data from the Office of the Superintendent of Financial Institutions, the October figures were also 1.19% larger than the September balance, [&hellip…

Read more

What is a good credit score in Canada for a mortgage?

Looking to buy a house in Canada? Before applying for a mortgage pre-approval, you should check your credit score in order to ensure you can be approved for a mortgage in the first place. The bottom line is, the lower your credit score is, the more consequences you’re likely to experience. This is why, even [&hellip…

Read more

Gen Z: The average first-time buyer in Canada is 36 years old

Canadians most often buy their first homes when they are around 36 years old, according to a recent study by Money.co.uk. The survey, which polled first-time buyers across 25 nations, showed that the average Canadian buyer of a first home has a budget of $317,514 – assuming an average annual salary of $70,557. But entering home [&hellip…

Read more

Sections

Tools

About Us

Follow Us