What is an Interest-Only Mortgage?
Due to the rising price of homes in Canada and the mortgage stress test, it has been challenging for Canadians to secure a mortgage. If you’re frustrated by the housing economy – you’re definitely not alone. For these reasons, some Canadians are turning to alternative forms of mortgages to… Read More
3 Things to Consider When Selling Your Home
By: Zoocasa Thinking of taking the plunge and selling your home? You’ve likely spent the last few months obsessively comparing prices on the MLS in your city, such Toronto apartments for sale or detached or townhouse options, to get an idea of what your own property… Read More
How Exterior Renovations Can Increase Your Home’s Price
By: Zoocasa Browsing through hot real estate market listings, such as sold house prices in Toronto, maybe enticing for anyone thinking of selling their home. However, if your home is not in peak condition, it may be worth renovating to get the best offer you can. Read More
How has the Ontario Fair Housing Plan Impacted the Market?
By: Zoocasa How have buying conditions changed across the province since the Ontario Fair Housing Plan (FHP) was introduced two years ago? The 16-part set of measures was announced by the now former Liberal provincial government in April 2017 in efforts to cool the red-hot housing market; home… Read More
Single Awareness Day: Buying a Home with a Single Income
Although dual-income households can improve purchasing power and the ability to qualify for a mortgage, a significant number of home buyers are going through the process solo. But how affordable is it to buy a home on a single income in Canada? A study by Zoocasa looks at the… Read More
The Hidden Cost of Buying a Home
What does it cost to buy a house or condominium these days? Depending on which province and city you live in, mortgaging any kind of home can definitely run into the hundreds of thousands of dollars. And it’s not just the mortgage itself that costs money. When you’re… Read More
Renting vs. Buying a Home
The choice between renting a home or purchasing it can be a difficult one to make. Both options certainly have their pros and cons. In the end, your decision should be based largely upon your own personal needs, life goals, and financial well being. Trying to… Read More
Building Your Credit to Buy a House
Home-ownership continues to be a dream for most Canadians, but this goal is often out of reach for many who still struggle with a poor credit score. Most conventional lenders typically require a healthy credit score of anything over 680, though there are loan options available to those… Read More
Everything You Need to Know About The Unregulated Mortgage Market in Canada
When it comes to getting a mortgage, it’s typical for borrowers to get in touch with a bank or mortgage broker to help get access to funds needed to make a home purchase. But banks and credit unions aren’t the only entities that… Read More