Most Canadians planning to buy a home in the next 12 months aren't too confident about their qualifications. According to a new RATESDOTCA/LEGER survey: * 7 in 10 claim they're concerned they may not qualify for the mortgage amount they want. * 1 in 3 was "

💡Reader note: MLN's weekly rate roundup and updated Amortization Simulator will follow later today. The government’s latest answer to housing unaffordability — giving first-time borrowers more tax breaks to build a down payment — has officially launched. It’s called the First Home Savings Account (FHSA), and in a

Hundreds of thousands of floating-rate mortgagors have one primary goal: maximizing monthly cash flow. For them, fixed-payment variable-rate mortgages are fantastic when rates are soaring —  not so much when rates are sinking. When the prime rate drops, these people also want their payments to drop.

In down real estate cycles it's normal to get regularly bombarded with gloomy real estate stories (like this). It can be tempting to think the housing correction is still in the middle innings when in fact, the correction may be down to its last three outs. Despite the