TL;DR: Yes, it is necessary. And generally, no, it won’t hurt you. But it can affect your score. However, if your credit is checked multiple times for the same reason (like getting a [...]

We made an statement in another post acknowledging the seriousness of the COVID-19 situation, and a commitment to stick to what we know (mortgages) and what’s relevant (how it affects [...]

Before we get into any of the mortgage news (and there is a lot of it) we want to take a moment and assure you that lenders, insurers (like CMHC), and policy makers are all working hard to sure [...]

No other way to say it, really. The last few weeks, and the last few days in particular, spell very good news for Canadian borrowers and home buyers! Bank of Canada Rate Announcement Today the [...]

It FINALLY happened! The federal government has modified the stress test. Previously, the interest rate used to qualify for a mortgage was set by the Bank of Canada by taking the average of the [...]

We’re really excited for you to find that perfect home! As we’re sure you’re hoping and expecting, home shopping is exciting, and a lot of fun. But it can also be stressful and aggravating at [...]

Buying a home is kind of a big deal. Turns out that Location, Location, Location thing is too. Wherever you live now, you’ve probably already thought of some of the things on this list. [...]

Thank you to our friends/partners at Genworth Canada for sharing this great content. We’ve edited it for context. 1. Land transfer tax. When a home changes hands, many provinces (like BC) [...]

According to the 2018 (dated, we know – but still very relevant) CMHC Mortgage Consumer Survey, almost HALF of home-buyers in Canada the last few years have said, “We wish we knew [...]

To help in the house hunting process, many home buyers will seek a pre-approval for a mortgage. This helps you determine how big of a mortgage you can afford and, in turn, what you can pay for a [...]