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Mortgages

home ownership

Buying

Baby boomers buy luxury real estate and other stats

The average down payment for a first-time homebuyer is $34,000

Baby boomers buy luxury real estate and other stats
split mortgage payments

Debt

1 in 6 can’t afford $500 mortgage payment increase

27% would need to review their budget

1 in 6 can’t afford $500 mortgage payment increase

Columns

Mortgage free by 31

Sean Cooper is hosting a "mortgage-burning party" tonight and plans to be a millionaire in four years' time

Mortgage free by 31
split mortgage payments

Debt

Canadian banks defend mortgage verification practices

In light of recent third-party broker fraud allegations

Canadian banks defend mortgage verification practices

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Buying

The difference between mortgage amortization and term

Plus how lenders use the 5/25 rule to qualify borrowers

The difference between mortgage amortization and term

Debt

Why Canadians are carrying 22% more debt in 2015

We're deeper in debt this year compared to last, here's why

Why Canadians are carrying 22% more debt in 2015

Ask MoneySense

Is the CMHC’s mortgage insurance calculator wrong?

A 20% down payment should eliminate the need for mortgage loan insurance

Is the CMHC’s mortgage insurance calculator wrong?
mortgage rate increases

Debt

Home Capital suspends 45 mortgage brokers for falsifying incomes

Of the 45, 18 were independent brokers

Home Capital suspends 45 mortgage brokers for falsifying incomes

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Debt

Am I on track to pay off the mortgage in 10 years?

Income from a basement suite will help this couple

Am I on track to pay off the mortgage in 10 years?

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