Durham Region Real Estate Blog

FAQ: Collateral Mortgages in Ontario

In the past few years, a product called the Collateral Mortgage has been quietly making its way into more lender offerings in Ontario.

What is a Collateral Mortgage?

A collateral mortgage is typically written as a loan agreement or promissory note, with a collateral 'charge' on title as security for the loan....

FAQ: No money down and cash back mortgages in Ontario

Things have changed a lot in the last few years.
Most Ontario lenders will not provide a mortgage with 'no money down' any more. There are, however, still lenders out there that will.

What happened to the no money down mortgage?

Following the collapse of the subprime mortgage...

Great news for prospective homebuyers! Bank of Canada Governor Mark Carney has decided to hold the key policy rate at 1.0% for now, and indicated that it will remain there for longer than originally expected. 

The benchmark overnight rate is the rate that the Bank of Canada sets for financial institutions for one day loans amongst themselves.  This...

A lot of attention has been placed in the media recently that paints a scenario of doom and gloom for the Canadian housing market. While prices have seen steady increases for a number of years, there is little hard evidence to suggest that we are in for a nosedive of home prices going into 2013.

Let's be clear: despite what some in the media would have...