MPV Mortgages

12/08/2017

What do you think of the CREA idea on allowing parents to use RRSP funds for "intergenerational RRSP loans" to help their children buy a home?

The federal government should allow parents who want to help their offspring with the purchase of a home to tap into their retirement savings, says The Canadian Real Estate Association, which also wants the maximum withdrawal limit bumped up by $10,000.

11/28/2017

An interesting article on why you may never own a family-sized condo in downtown Toronto.

The Haider-Moranis Bulletin is a new, weekly look at the ideas and the economics shaping Canada’s real estate market

11/13/2017

Sometimes things happen in life that we can't control. Having past credit issues doesn't mean you can never become a homeowner. There are some simple steps a person can take to get back on track to owning their own home.

Bankruptcy is always the last resort-and it’s never easy or comfortable. However, sometimes it is the only option to turn to when life throws you something unexpected. The lasting impression it can have on one’s financial profile though can be overwhelming. If you have bankruptcy in your past, don’t...

11/13/2017

Mortgage Penalties are a reality we face in Canada. Before you buy or refinance a home, make sure you ask the right questions to a professional to help minimize the potential penalties you will pay.

Tweet Share 0 LinkedIn 0 Mortgage penalties are probably hated about as much as taxes—but tenfold. Particularly when those penalties reach into the five figures. Take this case of an Edmonton couple that was initially quoted $17,000 to break their five-year fixed mortgage early. But homebuyers need…

06/29/2017

With so many options and opinions available, going green at home can be overwhelming. We asked some green home pros what they wish all homeowners knew.

05/26/2017

5 things to consider before becoming a landlord

Effective ways to offset your monthly mortgage costs. Is being a landlord right for you? Here are five things to consider before becoming a landlord.

05/26/2017

Interesting infographic from Genworth for First time home buyers

A snapshot of first-time homebuyers. Based on the 2017 Genworth Canada First-Time Homeownership Study

06/16/2016

No one expected the Federal Reserve to raise rates today even though they have been criticized by some for lacking credibility. When the target overnight fed funds rate was first hiked late last year, the Federal Open Market Committee (FOMC) forecast four rate hikes this year. Now, most Committee me...

06/09/2016

When signing your mortgage commitment letter you will have to choose your payment frequency. If your goal is to re-pay your mortgage as quickly as possible, then you need to understand how different payment options will affect your repayment schedule. So what are your options? In general, most lende...