Shorter mortgage is money in your pocket

CALGARY, AB – Now that the dust has settled a little on the new mortgage lending rules, it’s time to put them into perspective. This is not the first time mortgage amortizations have been limited to 25 years. Industry veterans know people still bought homes before the amortization rules were relaxed and their main goal was to […]

15 Years to Go

That’s the average time remaining before the typical mortgage holder will be free and clear, according to a BMO survey released today. In addition, only 12% of Canadians have greater than 25 years left until their mortgage is repaid. (Not surprisingly, a disproportionate number live in B.C. where prices are 38% above the national average.) […]