Buy or Rent: Use This Calculator to Make the Best Decision!
Are you wondering whether it's better to buy or rent your next property? The decision can be complex and depends on many personal and financial factors. Fortunately, the Autorité des...
From Tenant to Homeowner, a Story of Resilience and Family Support
Seven years ago, Emrick and the mother of his children separated. During the breakup, an important decision was made: Emrick would become the owner of the family home. To do this, he had to seek...
Shopping for Home Insurance: A Smart Way to Save
Home insurance is essential to protect your house and belongings. However, many people overlook the potential savings they can achieve by shopping for their insurance every year. Here are some tips...
Everything You Need to Know About Your Credit Report: The Key to Your Financial Health
Credit reports and credit scores play a crucial role in managing your personal finances. Whether you're about to apply for a loan or simply want to better manage your financial situation, it's...
Highlights, Economic and Financial Review-AMF
In the world’s major economies, restrictive monetary policies appear to be yielding results. The process of disinflation is well underway but is becoming more challenging as inflation nears...
Canadian Renters Showing Signs of Financial Strain According to the Bank of Canada
The Bank of Canada is raising concerns about the impact of higher interest rates on renters. While most households appear to be managing increased debt servicing costs, many mortgage holders will...
Ensuring Financial Health: The Importance of Regularly Checking Your Credit Report
In the dynamic world of personal finance, caution is key. Many Canadians strive to keep their finances on solid ground, making smart decisions regarding budgeting and saving. However, even with the...
Managing Windfalls: Smart Strategies for Your Extra Cash
As we near the tax filing deadline on April 30, it's not just about meeting obligations; it's about planning for potential benefits. Many Canadians expect a tax refund, with the average being around...
Putting home ownership back within reach and supporting Canadian homeowners
Homeownership, a significant challenge for young Canadians, is at the heart of the new measures announced by the federal government. Chrystia Freeland, Deputy Prime Minister and Minister of Finance,...
Bond Yields and Mortgage Rates: A Crucial Relationship
In the world of mortgage brokerage, staying ahead of market trends is crucial. Imagine having the power to predict the fluctuations of fixed mortgage rates days, or even weeks, before they...
The Shifting Impact of Interest Rates on Housing Affordability in Canada
The hope that interest rate cuts would improve housing affordability is unlikely to materialize. A new survey by Royal LePage indicates high pent-up demand, while real estate statistics show that...
Making sense of a pre-qualification and a pre-authorization
Thinking of buying a property? You must first find out how much you can actually afford to pay for this important purchase. Your financial institution (or lender) must take many factors into...
Find out how to calculate the mortgage you can afford
To determine the maximum mortgage amount you are eligible for, it is essential to consider several factors, including your repayment capacity and the limits imposed by financial institutions and the...
Buying a new home? You may be eligible for a GST and QST rebate!
Buying a new home can be an exciting project, but it comes with its share of government fees. Traditionally, when you buy a new home, you must pay the Goods and Services Tax (GST) and the Quebec...
Who Pays the Mortgage Broker in Quebec?
Imagine Jean and Marie, a couple from Quebec in the midst of searching for their first home. As they navigate the intricacies of the real estate market, a crucial question arises: "Who must pay the...
What is the Commission of a Mortgage Broker in Quebec City?
During a recent real estate transaction in the charming Saint-Roch neighborhood of Quebec City, a young couple was pleasantly surprised to learn that their mortgage broker's services would cost them...
CHMC: WHAT IS IT, ANYWAY?
You want to buy a house, but don’t have the required 20% down payment. This is when you are offered the CMHC loan insurance. But what is the CMHC? Why do we offer this insurance? Is...
Highlights, Economic and Financial Review
Global growth is showing signs of slowing as the full effect of interest rate hikes is starting to be felt more acutely. The central banks have indicated that policy rates will have to remain...
The secrets to building a solid credit profile!
Whether you are young or have reached a certain age, having a strong credit history is essential to realizing your dream of owning a property. Your credit profile plays a crucial role when applying...
Key factors for mortgage approval
Getting ready to start looking for a property? To do so, you will need a mortgage pre-approval. Although this is the maximum amount you could get, it does not guarantee that you will obtain a proper...
Simulation of expenses related to the purchase of a $400,000 property
For those looking to find out the costs related to buying a property, here is an example: Scenario: $400,000 home with a 5% down payment Standard rate: 95% financing: 4.00% 90%...
Becoming a homeowner with an income property - something to think about!
Before buying a house with rent income, you must consider several key points. The Mortgage Planners team invites you to consider both sides of the coin. Advantages An extra, steady income The...
Documents to include with your mortgage application
1) Proof of income: Of all the documents you need to provide for your loan application, proof of income is the most important, the most difficult to find, and the one that will take the most effort....
Strategies to Avoid, Reduce, or Navigate Mortgage Penalties
If you are currently tied to a mortgage for several more years, you might feel trapped. Whether considering refinancing, mortgage transfer, or even early renewal, you could face substantial...
Discover CMHC's "Homebuying Step by Step" Guide
Canada Mortgage and Housing Corporation is giving you a guide for everything you need to buy a home in Canada.This workbook provides worksheets, calculators and checklists for each step in the...
The HBP – your ally when purchasing your first property
The down payment required to purchase your first property is often a daunting financial headache. But did you know that the Home Buyers' Plan (HBP) can be a feasible solution to obtain the required...
Buying your first home? 5 mistakes to avoid
Looking for your first home? What exciting project! At Mortgage Planners, we have your best interests at heart. Therefore, we want to warn you against the most common mistakes made by our...
Housing Market Highlights
Source: Housing and Mortgage Market Review The Bank of Canada’s soft landing is on track…for now Highlights: The inflation fight is progressing well, but the Bank...
Tips for improving your credit rating
You've been thinking about starting the process of buying your first home in the next few months and you're concerned about the viability of your credit rating. Is your concern caused by poor credit...
The FHSA: a new ally for first-time homebuyers
Last year, the Canadian government announced the creation of a registered account that can help you save money, tax-free, for your first home purchase. In this article, we invite you to learn about...
Everything about the house is perfect except for the kitchen. What are my options?
Although the kitchen, the bathrooms as well as the floors are rarely to our taste when we visit houses for sale, is this a reason to reject a house that has many other assets? The CMHC...
Falling in love with your dream house - how to get the information you need to help you with your decision
Karen and Carl live in a beautiful, cozy house in the Laurentians. During a walk on a beautiful Sunday, they found a house for sale, hidden in the woods. The real estate broker was there and showed...
Save $240 per month with the Government of Canada's First-Time Homebuyer Incentive!
You may already be aware of this, but did you know that the federal government's first-time homebuyer incentive can help you buy your first home? In fact, this incentive helps you without increasing...
Affordability 101: tips for future homeowners
AFFORDABILITY 101: TIPS FOR FUTURE HOMEOWNERS Always dreamt of owning a home but confused by all that complex real estate lingo? Don't worry, we’re here to help! Today we’re going...
All you need to know about subsidy programs that make homeownership easier!
Over the past few years, housing affordability has become a forgotten dream for some. The advent of the COVID-19 pandemic, the fluctuations of the economy linked to this same pandemic - but also...
Incentive programs and measures available for the purchase of a property
Are you considering buying a house or a condo? Are you wondering if there are incentive programs and measures available and tailored to your financial situation? The first thing to do is to reach out...
Buying a home when you’re new to Canada: It’s easier than you think!
Are you new to Canada and think that buying a home is out of reach? Think again! With good planning and sound advice from real estate and mortgage brokers, it can be done. Common myths New...
The booming Quebec real estate market
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After a year of global pandemic, it's time to take a look at your financial situation
At this time last year, we were quietly going about our business. Life was happening at full speed until one day the world plunged into the unknown.This global pandemic has challenged many of our...
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