With record-low interest rates driving local real estate prices, it’s been a remarkable year in Canadian mortgages. Here are our top five most popular market and advice pieces in the Mortgages section from 2015.
#5. Thirteen Things You Need to Know BEFORE Renewing Your Mortgage
With mortgage rates still dropping, don’t sign that renewal letter until you’ve done these things, advise Jorge and Alisa Aragon in this March article, one of three by this father-daughter expert duo in our top five.
#4. Mortgage Helpers to Help with Mortgages Even More
CMHC announced in July that it will allow 100 per cent of basement suite rental income to be used when qualifying for a mortgage, up from 50 per cent previously. Robert McLister of Canadian Mortgage Trends explains how it works.
#3. What BoC’s Latest Rate Cut Means For Economy and Housing Market
At the Bank of Canada’s second 2015 rate cut announcement in July, finance expert Penelope Graham of RateSupermarket.ca takes a look at the anticipated effects of the cut and offered a word of caution to borrowers.
#2. How this Summer’s New Mortgage Rules Will Affect You
Ahead of three significant changes to the CMHC's mortgage rules in summer 2015, this popular May advice piece by mortgage experts Jorge and Alisa Aragon explain how they would affect qualifying interest rates, down payments and income verification.
#1. Ask the Expert: Difference between Deposit and Down Payment?
Mortgage terminology can be confusing, especially for first-time buyers. In our most-read Mortgages article, and one of our most popular overall articles of the year, Jorge and Alisa Aragon explain these two similar and related terms and offer examples.
