The True Cost of Homeownership: What You Pay Beyond the Mortgage When many new Canadian homebuyers calculate whether they can afford a new home, they focus almost exclusively on one number: the monthly mortgage payment. It's the figure lenders use for the mortgage stress test, the number real estate agents discuss during showings, and the benchmark buyers use to determine their budget. However, the mortgage is only the starting line. Homeowners also pay for property taxes,... [read more]

Homeownership changes lives.   We want to hear your story—how has your life changed since you purchased your home? Or, if you’re still renting, what are you hoping will change when you do buy? Most homeowners will agree—purchasing a home is one of the best moves you’ll ever make, but only if you’re ready. If you’re contemplating your first home purchase, check out our latest blog post. We’ve shared the top 5 questions you need to... [read more]