Mortgage rates are a key factor in the cost of homeownership, and they don’t move randomly. A major influence comes from Canadian bond yields, which determine how fixed rates rise or fall. For homeowners or potential buyers, understanding this connection is essential for making smart financial decisions. Understanding the Link Lenders closely monitor the bond […]

Refinancing a mortgage can be a powerful tool for homeowners seeking to lower monthly payments, access home equity, or adjust the loan terms to better suit their financial goals. But deciding when to refinance—and whether it’s the right choice—requires careful consideration. Here are some key considerations to keep in mind. What is Mortgage Refinancing? Mortgage […]

Saskatoon is one of Canada’s fastest-growing cities, drawing people in with its vibrant culture, growing economy and family-friendly feel. With a population growth of 1.46-1.85% each year, the city is on a steady growth trajectory. This growth is putting more demand on the housing market, presenting both opportunities and challenges for potential buyers. 

In Saskatchewan’s real estate market, homes with rental suites offer unique opportunities for buyers. These revenue-generating units, often called basement or secondary suites, offer significant advantages for long-term investment potential and financial viability, especially as housing costs continue to rise.  

First-time home buyers in Canada have two separate tax-exempt accounts they can choose from to help them save for a down payment on their home purchase. It is important to understand each of these financial tools independently and how they can work together to assist in purchasing a home.

Mortgage refinancing may be a strategic solution to the financial struggles Canadians are facing by lowering the overall monthly payment commitments and improving cash flow. 

Those entering the home buying market for the first time are about to see some help from Federal government initiatives. These proposed measures are meant to bolster purchasing power of first-time home buyers and make home ownership dreams more accessible. 

Mortgage rates in Canada can seem complicated and mysterious to many potential homeowners, but they are determined by a series of understandable and predictable factors.  Let’s breakdown some of the factors to offer more clarity and insight into this important aspect of the home buying process:

One of the biggest influences in the journey to homeownership is the credit score. Let's learn about how.

For anyone in the process of looking for their first home or a new home, the term “amortization schedule” has likely come up a number of times. While it may sound confusing, it is crucial to understand what an amortization schedule is and how it will impact any current or future mortgage. Here is a breakdown on what it is and what it does for a mortgage.