The Loans Canada Blog

Home Ownership in Canada Peaking

Home Ownership in Canada Peaking

According to a new prediction from Scotiabank home ownership levels in Canada are expected to reach 70%. That’s an improvement of almost 2% in the last 6 years and puts Canada in league with countries (a select few) with home ownership rates greater than 70%. What does this mean for… Read More


INFOGRAPHIC: Buying A House

INFOGRAPHIC: Buying A House

Are you currently looking to purchase your first home? Thinking about upgrading to a bigger house? Or are you simply looking for some advice on how to make the whole home purchasing process go a smoothly as possible? Take a look at our latest infographic where we’ve compiled all the… Read More


Rent vs Buy: Which is better?

Rent vs Buy: Which is better?

Most individuals, young or old, rent at some point in their lives. The question is, at what point does it make sense to start paying for a home instead? It is common knowledge that many landlords rent out their properties to pay off their own mortgage loans. As… Read More


The Costs of Owning a Home

The Costs of Owning a Home

Beyond the typical closing costs, what are the other expenses associated with home ownership? Are you prepared for them? Do they fit into your monthly budget? What about time, can you devote the time required to maintain your home? Let’s analyze this further. Recurring Costs: Once again, we are… Read More


Second Mortgage Lenders

Second Mortgage Lenders

Second mortgage lenders are few and far between. It’s a fragmented market that the banks avoid. One of the biggest second mortgage lenders in Canada is Home Trust, which is a trust company and not a bank. Otherwise second mortgages are typically provided by private lenders scattered among various… Read More


Thinking of buying a home? 10 Tips before you proceed

Thinking of buying a home? 10 Tips before you proceed

  I found a great article on the Globe and Mail, 10 Tips for Aspiring Home Buyers, so I thought I’d write up a short summary. Tips for new home buyers: 1. Try to save up for a downpayment worth 20% of your new home Why? If… Read More


More additions to the website

More additions to the website

Hello Canada! We’re happy to announce 2 new additions to our website: 1. A credit score learning resource where you can learn about how a credit score is composed, what the benefits of a good credit score are and how to pull your credit report. 2. Our new mortgage… Read More


Financing Alternatives to the Banks

Financing Alternatives to the Banks

The traditional approach to obtaining a loan, a mortgage or refinancing your home is to go to a bank. But what other options are available to you? Could you actually save money by not going to a bank? The answer is yes. Save with a Mortgage Broker There are… Read More


When should you consider private lenders?

When should you consider private lenders?

There exists a wide array of reasons why individuals consider finding financing from private lenders, some of which include: – an urgency to find financing: private loans usually take only a couple of days to be processed and approved – borrower has a poor credit rating and is rejected… Read More



Authors and Contributors

Loans Canada works with a series of in-house and freelance writers, journalists, and authors to develop educational content to help Canadians make better financial decisions. If you're interested in contributing content to our website, please email us at marketing@loanscanada.ca.

Note:

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Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.