I see this question every single day in Facebook groups, Reddit threads, and my DMs: “Here’s our income, our savings, and our debt. Are we ready to buy?” And the answers they get are usually terrible. Either wildly optimistic (“Just go for...
If you have recently moved to Toronto and are looking to plant roots in neighborhoods like Etobicoke, North York, or the Downtown core, navigating the mortgage market without Permanent Resident (PR) status can be daunting. In 2026, Toronto remains one of the most...
I once asked my social media audience a simple question: “What is the single largest prepayment penalty you have ever been charged for breaking a mortgage?” The answers were staggering. They ranged from $3,000 to a shocking $50,000. If you’re a...
I hear this argument from time to time: “Don’t refinance your mortgage to consolidate debt. It’s a trap. Mortgages are front-loaded with interest, so you’ll just restart the clock and end up paying way more in the long run.” It’s one of...
You navigated the competitive Toronto housing market, signed the purchase agreement, and started planning your move. Then, the call comes: the bank’s appraisal is lower than your purchase price. For many home buyers, this news triggers immediate panic. Does the...
If you’re a Canadian homeowner aged 55 or older, you’ve likely heard about reverse mortgages. You may be curious, but you might also be skeptical. With so much misinformation out there, it’s easy to be wary of a financial product you don’t fully understand. This guide...
