Mortgages Blog

Purchasing A Home This Spring

For those households who think they are on the purchasing end of the Spring market this season, here are five signs from Home Trust to know if you’re ready.

March 16, 2023

The Underused Housing Tax is an annual 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022. The tax usually applies to non-resident, non-Canadian owners. In some situations, however, it also applies to Canadian owners.

March 13, 2023

Fraud Awareness Month

Did you know? March is fraud awareness month in the mortgage industry, which makes this a great time to talk about title insurance! As our insurance experts, FCT is a leading provider of title insurance and has some helpful information for you:

March 8, 2023

First Home Savings Account (FHSA)

As soon as April 1 st 2023 the First Home Savings Account (FHSA) will be available in Canada. It combines the benefit of an RRSP and a TFSA to help first time buyers save for their first home. Here are some of the details:

February 23, 2023

What to Know about Second Mortgages

A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a second mortgage might offer.

February 8, 2023

Post-Holiday Debt Consolidation

The holidays are a season of giving and often times, households can find themselves carrying some extra debt as we enter the New Year.

January 12, 2023

Alternative Lending Considerations

When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative!

January 6, 2023

Setting 2023 Financial Resolutions

After the whirlwind economic year we have had, making your finances work for you is already top of mind for most Canadians as we head into 2023. Here are some ideas to make your finances work for YOU in the New Year: