2024-04-10 13:45
Save money on your mortgage.
Learn about what your payment could be at renewal and how you can save by renewing your mortgage with Perch.
Sign up for… Read More
Blog Directory > Finance Blogs > Mortgage Resources for Canadian Home Buyers and Homeowners finance Blog >
Mortgage Resources For Canadian Home Buyers And Homeowners Blog
myperch.io
Blogarama's Sponsor
Tags:
mortgage
rate
canada
safety deposit box
legal
january
seek professional advice
february
bank
december
Stay informed about real estate trends, mortgage rate changes, mortgage tips, and Perch company updates.
2024-04-01 18:51
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)You will receive an email after you submit this form… Read More
2024-03-18 20:09
The CRA recently announced new filing requirements for trusts that are expected to impact a lot of ordinary Canadians. The biggest implication is the in… Read More
2024-03-06 14:45
Save money on your mortgage.
Learn about what your payment could be at renewal and how you can save by renewing your mortgage with Perch.
Sign up for… Read More
2024-03-01 15:28
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this f… Read More
2024-02-01 17:02
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this f… Read More
2024-01-24 14:45
Save money on your mortgage.Learn about what your payment could be at renewal and how you can save by renewing your mortgage with Perch.Sign up for free… Read More
2024-01-05 15:13
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)You will receive an email after you submit this form… Read More
2023-12-06 15:00
Save money on your mortgage.Learn about what your payment could be at renewal and how you can save by renewing your mortgage with Perch.Sign up for free… Read More
2023-11-30 20:37
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)You will receive an email after you submit this form… Read More
2023-11-01 07:12
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this form to finalize your newsletter subscr… Read More
2023-11-01 04:58
The history of interest rates in Canada
With the Bank of Canada aggressively raising rates in 2022 and 2023, mortgage holders are feeling the heat. Despite what might currently seem like a… Read More
2023-10-27 23:06
Here are the latest headlines in the real estate and mortgage world as we near the end of October.
This week’s news
The Bank of Canada held their latest interest rate announcement thi… Read More
2023-10-27 22:13
Should you pay down your mortgage early when interest rates are high?
Buying a home is one of the most significant financial decisions you may make in your lifetime, and your mortgage strat… Read More
2023-10-13 23:16
Save money on your mortgage.
Interest rates have gone up, but that doesn’t mean your payment has to. Learn about what your payment could be at renewal and how you can save by renewing… Read More
2023-10-12 22:04
How are investments taxed in Canada?
If you’ve ever bought investments like stocks, bonds, or a property that isn’t your principal residence, you’ll want to understand what… Read More
2023-10-07 02:16
Here’s what’s new this week in the real estate and mortgage world going into the start of October.
This week’s news
Bond yields are on the rise, forecasting higher interes… Read More
2023-10-06 19:17
Can you get more than one pre-approval at a time?
When it comes time to buy a home, getting a mortgage pre-approval should be your first step. Getting a pre-approval for a mortgage means a l… Read More
2023-10-05 17:19
Profitable Rental Real Estate That’s Accessible In The Current Housing Market
Perch’s mission is to make homeownership more attainable by solving common obstacles with financing… Read More
2023-09-29 23:31
Oshawa, ON real estate market outlook 2023
Oshawa is conveniently located just east of Toronto, making it a prime choice for commuters who want to enjoy suburban life while staying connected… Read More
2023-09-29 05:06
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this form to finalize your newsletter subscr… Read More
2023-09-23 01:59
Here’s what’s new this week in the real estate and mortgage world this week.
This week’s news
While some headlines are warning of a “bubble” in the housing mar… Read More
2023-09-23 01:38
Homes are expensive in Canada. The population is growing at record levels and supply isn’t keeping up. While there doesn’t seem to be an impending collapse in the price of housin… Read More
2023-09-23 01:28
New construction is ramping up in London as the government pledges new funding for purpose-built rental units
There’s no way around it, we’re in an affordability crisis in the C… Read More
2023-09-15 23:24
Here’s how to make the most out of your mortgage renewal
After the initial process of getting a mortgage, you usually think about it very little, paying your monthly payments automatic… Read More
2023-09-15 23:14
Here’s why the Canadian housing market isn’t a bubble imminent for collapse.
Let’s take a deep dive into the reasons some are calling for the bubble to burst, and how it do… Read More
2023-09-08 18:22
Here’s what to look out for to see which way interest rates are headed
With Interest rates on the rise for most of 2022 and 2023, variable and adjustable rate mortgage holders are feel… Read More
2023-09-08 18:14
Should you go with a variable rate or a fixed rate mortgage?
When announcing your recent or imminent purchase of a home you’ll inevitably be greeted with congratulations followed by a… Read More
2023-08-31 14:38
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this form to finalize your newsletter subscr… Read More
2023-08-30 21:00
How does the Bank of Canada decide to raise or lower interest rates?
Borrowers, realtors, potential home buyers, and everyone else looking at the real estate market are all keeping an eye on… Read More
2023-08-30 04:03
Borrowers, realtors, potential home buyers, and everyone else looking at the real estate market are all keeping an eye on the Bank of Canada’s decisions whether to raise interest rates… Read More
2023-08-29 02:57
The next Bank of Canada interest rate announcement will take place on September 6th 2023 at 10:00am ET. During the last interest rate announcement on July 12th, the Bank of Canada increased… Read More
2023-08-25 21:43
How does the Bank of Canada decide to raise or lower interest rates?
Borrowers, realtors, potential home buyers, and everyone else looking at the real estate market are all keeping an eye on… Read More
2023-08-25 20:19
Ajax, ON real estate market outlook 2023
Ajax is a town in the Durham region of Ontario, east of Pickering and west of Whitby. Ajax has increasingly become a popular destination for new home… Read More
2023-08-18 22:40
Why are homes cheaper in Quebec?
Canadians are well aware of the affordability struggles that are facing the housing market at the moment, with rising interest rates doing little to improve… Read More
2023-08-18 22:02
Here’s how the real estate market in Alberta is trending in 2023.
Canada’s 4th most populated province, Alberta is home to some of the most picturesque views in the country, and… Read More
2023-08-11 22:04
This year the government of Canada launched a new tax-advantaged savings account aimed at helping Canadians save up for their first home. The First Home Savings Account (FHSA) is the best of… Read More
2023-08-11 21:47
How to choose your mortgage: a step-by-step guide for first time buyers
For most Canadians buying your first property is the biggest financial decision of your life. That’s why it&rsqu&hell…Read More
2023-08-11 21:32
The basics of a Mortgage Investment Corporation (MIC)
Building equity through homeownership, and the ability to leverage that equity to invest, has been a great retirement strategy for many… Read More
2023-08-04 20:44
An investment property can be a great way to start building equity, or as a way to diversify your portfolio with an income generating asset. If you’re planning on purchasing a rental p… Read More
2023-08-01 17:28
Is everything we know about saving for retirement wrong?
When someone asks for financial advice, you can almost guarantee the responses will include investing in real estate and saving for r… Read More
2023-07-31 18:01
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this form to finalize your newsletter subscr… Read More
2023-07-28 21:39
Toronto, ON real estate market outlook 2023
We sat down with our realtor partner Martha Grakovski to give us an outlook on the Toronto real estate market for 2023.
If you’re look… Read More
2023-07-28 21:22
Local homeownership programs in Ontario you should know about
Buying a home is likely to be the biggest financial decision of your life, which is why you should spend the time to research no… Read More
2023-07-28 21:10
Breaking down key terms from the Bank of Canada’s interest rate announcements
Millions of mortgage holders in Canada wait with bated breath for the Bank of Canada’s interest rate… Read More
2023-07-21 21:14
Perch vs. Ratehub 2023: How do they compare?
Perch and Ratehub are both digital mortgage brokerages that utilize automation to offer you some of the best mortgage rates available on the mark… Read More
2023-07-21 21:11
With housing prices rising year after year in Canada, many first-time buyers find they need a little extra financial support to secure a mortgage. Co-signing a mortgage allows you to add ano… Read More
2023-07-20 22:29
First-time buyers and those with non-salaried income are underserved by traditional mortgage products.
Sharon*, a first-time home buyer, was locked out of the housing market.
She had s… Read More
2023-07-13 22:47
Here are your mortgage options when you sell your home before your mortgage term is up
When it comes time to sell a property you own, unless you’ve already paid off the principal, it&r&hell…Read More
2023-07-13 22:37
BC real estate market outlook 2023
Home to Canada’s most expensive metropolitan area, British Columbia is also one of the most desirable places to live in Canada, with beautiful scener… Read More
2023-07-05 01:26
The next Bank of Canada interest rate announcement will happen on July 12, 2023. Last month the Bank of Canada rose rates by 0.25% after a 4-month pause as rates were held steady to evaluate… Read More
2023-06-30 21:40
Is inflation slowing down in Canada?
You’ve likely noticed it, the cost of living has been increasing recently, and everything from groceries to mortgages have become more expensive du… Read More
2023-06-30 21:36
Interest Rate Differential (IRD)
There are plenty of reasons it might make sense to break your mortgage early, but the main deterrent from doing so is mortgage penalty fees. There are two ma… Read More
2023-06-30 14:59
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this form to finalize your newsletter subscr… Read More
2023-06-23 22:48
Applying for a mortgage with investment income
When it comes to qualifying for your mortgage, income is the name of the game. The number one thing lenders look at when evaluating borrowers i… Read More
2023-06-23 22:44
Canada real estate market outlook 2023
You may have heard there’s something of a housing crisis in Canada. Canada currently has the least affordable housing market in the G7, which has… Read More
2023-06-23 22:26
There’s no such thing as free rent
Despite a chronic lack of supply in the Canadian housing market, it’s becoming increasingly common for construction firms to offer cash incenti… Read More
2023-06-16 21:34
Why is 20% the magic number?
When you buy a home, you need to put some of your own money towards the purchase before a lender will be willing to offer you a mortgage.
20% is the typica… Read More
2023-06-16 21:29
Home to Canada’s capital, as well as it’s largest metropolitan area, Ontario is Canada’s most well known and populated province. Nearly 40% of all Canadians call Ontario ho… Read More
2023-06-16 21:28
The housing crisis in Canada explained
It’s no secret that there’s something of a housing crisis in Canada. The price of housing in Canada is a hotly debated topic and there&rsqu&hell…Read More
2023-06-09 21:06
Not everyone has a traditional full-time job with a letter of employment and a 40 hour workweek. While it’s true that mortgage lenders prefer to deal with salaried clients, it’s… Read More
2023-06-09 21:03
Should you take out a line of credit for your down payment?
Taking out a line of credit may appear to be a tempting option to finance your down payment, but we wouldn’t recommend it as… Read More
2023-06-07 01:42
The Bank of Canada announced on June 7th they will be raising the key interest rate by 25 basis points. This raise comes after a lengthy pause as the Bank of Canada held rates steady to eval… Read More
2023-06-01 22:06
Edmonton, AB real estate market outlook 2023
We sat down with our realtor partner Sara MacLennan to give us an outlook on the Edmonton real estate market for 2023. Sara has been writing on t… Read More
2023-06-01 21:56
North York, ON real estate market outlook 2023
We sat down with our realtor partner Melissa Oag to give us an outlook on the North York real estate market for 2023.
Melissa is a realto… Read More
2023-05-31 20:00
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this form to finalize your newsletter subscr… Read More
2023-05-26 20:39
Brampton, ON real estate market outlook 2023
We sat down with our realtor partner Sasha Vella to give us an outlook on the Brampton real estate market for 2023.
If you’re looking… Read More
2023-05-26 20:37
What happens to my mortgage if my lender goes bankrupt?
The ongoing banking crisis in the United States has had many in Canada recently worrying about what would happen if something similar… Read More
2023-05-26 20:07
The pros and cons of using a realtor
It used to be thought that the internet would spell the end of the realtor, with homeowners listing their homes online and buyers browsing listings from… Read More
2023-05-19 19:50
Centre Wellington, Ontario real estate market outlook 2023
We sat down with our Brokerage partner, Rob Voisin, Director of Operations at the Mochrie & Voisin Real Estate Group Brokerage… Read More
2023-05-19 19:47
Burlington, Ontario real estate market outlook 2023
We sat down with our realtor partner Matthew Prior to give us an outlook on the Burlington / Oakville real estate market for 2023.
H… Read More
2023-05-19 19:39
Oakville, Ontario real estate market outlook 2023
We sat down with our realtor partner Matthew Prior to give us an outlook on the Oakville real estate market for 2023.
How has the Oakv… Read More
2023-05-12 21:14
Hamilton, Ontario real estate market outlook 2023
We sat down with our realtor partner Steve Roblin to give us an outlook on the Hamilton real estate market for 2023.
You can find Stev… Read More
2023-05-12 21:13
Windsor, Ontario real estate market outlook 2023
We sat down with our realtor partner Sarah Renaud to give us an outlook on the Hamilton real estate market for 2023 and answer the burning qu… Read More
2023-05-05 20:44
The length of your mortgage amortization is directly related to the size of the payments you’ll be making each month. A longer amortization period will lead to lower monthly payments… Read More
2023-05-05 20:35
If you’re just entering the world of personal finance and investing, the amount of options you’re presented with can be daunting. TFSAs, RRSPs, savings rates, GICs and countless… Read More
2023-05-05 20:21
Earlier this year, headlines of homes being sold from unsuspecting owners on vacation put a highlight on the dangers of fraud in the increasingly expensive real estate market in Canada.
Our… Read More
2023-05-01 14:22
2023-04-28 21:24
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this form to finalize your newsletter subscr… Read More
2023-04-27 22:19
When deciding what type of mortgage to get, the main question asked is usually: fixed or variable? What many people forget is that a variable rate mortgage can really be broken down into two… Read More
2023-04-27 21:57
What’s the difference between an insured and an uninsured mortgage?
If you plan on buying a home in the near future, you’ll want to understand the difference between an insured a… Read More
2023-04-21 21:42
5 ways to save for your first home
With rate hikes paused for the time being, and a potential policy reversal from the Bank of Canada on the way next year, it’s seeming like the housin… Read More
2023-04-21 21:35
Statistics Canada released their March 2023 consumer price index (CPI) numbers this week, revealing that inflation has slowed to 4.30% from 5.20% in February and 5.90% in January.With rates… Read More
2023-04-21 19:24
How do taxes work with leveraged investing?
In previous articles, we’ve discussed the ins and outs of leveraged investing, including what it is, how you can smartly use leverage to gro… Read More
2023-04-14 21:56
How to manage debt
The ability to properly manage debt is an essential part of personal finance and one that you should have a good handle on regardless of your financial planning. Improperl… Read More
2023-04-14 21:32
Here’s everything you should know about the new FHSA
Huge news for potential homeowners this month as the government has just launched a brand new type of savings account, the FHSA or… Read More
2023-04-11 21:50
The Bank of Canada will be making their next policy interest rate announcement on April 12, 2023. The current overnight rate sits at 4.50%.
Our analysts are predicting that the Bank of Canad… Read More
2023-04-06 22:09
What’s the best mortgage term?
Deciding the length of your mortgage term is one of the most important decisions you’ll make when it comes to getting your mortgage. Your mortgage… Read More
2023-03-31 20:34
How investors are using leverage to grow their portfolio
It’s no secret that the Canadian real estate market has built wealth for many investors in recent times. However with mortgage… Read More
2023-03-31 20:24
How to use your home to diversify your portfolio
If you’re like many homeowners in Canada, your home has become your largest asset. This means you’re left with a portfolio weight… Read More
2023-03-31 20:03
Subscribe to receive Perch’s monthly Canada interest forecast newsletter (once a month only!)
You will receive an email after you submit this form to finalize your newsletter subscr… Read More
2023-03-24 21:19
What is mortgage investing?
It’s likely that you’re already familiar with the concept of mortgages if you’re on our site. Mortgages help homeowners afford homes and l… Read More
2023-03-24 21:14
Is mortgage life insurance worth it?
If you’ve been shopping around for a mortgage, you may have heard of mortgage life insurance as a way to protect your family and your home if the u… Read More
2023-03-17 21:26
A guide to understanding leverage
Most Canadian homeowners have used leverage to reach their financial goals quicker, however many don’t even know it. Mortgages are one of the most com… Read More
2023-03-17 20:55
When it comes to saving for retirement, if you’re like most Canadians, you’re probably not thinking about your mortgage as bringing you closer to your financial goals. In reality… Read More
2023-03-16 20:21
The Key Differences Between Mortgage Insurance vs Life Insurance
Your mortgage is one of the biggest financial commitments you’ll likely make; that’s why it’s important to… Read More
2023-03-10 21:45
Canada has long been a great market for real estate investors, and renting out a second property or even house hacking by renting out your basement has become common for those looking to sta… Read More
2023-03-08 05:29
The last eight Bank of Canada interest rate announcements have brought higher rates, along with pain for plenty of borrowers. With the next interest rate announcement scheduled for Wednesday… Read More
2023-03-06 15:32
Your home is probably the biggest investment you will make in your lifetime. It’s important to understand what mortgage insurance is, how it works and how it can impact your purchasing… Read More
2023-03-03 19:40
Perch CEO and Principal Broker Alex Leduc recently sat down for a chat with Hart Togman, the CEO of Rent Panda, for a discussion on reducing costs in rental properties.With interest rates ri… Read More
Subscribe to Mortgage Resources For Canadian Home Buyers And Homeowners
Get updates delivered right to your inbox!