How will new mortgage rules affect you?

Apparently big brother is actually watching the Canadian housing market. The federal Finance Minister Bill Morneau finally announced new measures this week aimed at cooling the Canadian housing market – measures that should curb the ridiculously high debt levels that…
Mortgage Tips for Homeowners of All Ages

If you’ve applied for a mortgage or renewed your mortgage you already know these processes can be stressful, time consuming, daunting and fraught with lots of questions.  No doubt questions like:  “Did I think of everything?”, “Am I getting the…

For today’s post, I thought it would be interesting to crunch some numbers… Your Mortgage Owing $250,000, at 3% interest over a 5-year term, amortized over 25 years, making bi-weekly payments and you’ll pay over $90,000 in interest costs over…