Canadian home sales tick higher in July led by GTA market

Melanie ConsMortgage Talk Canada

Increases in Toronto pushed Canadian housing sales higher for a third month, further evidence the country’s real estate market is regaining strength after it stumbled at the start of this year. Transactions nationwide rose 1.9 per cent from June to 38,612, bringing them back toward the 10-year average, the Canadian Real Estate Association said Wednesday from Ottawa. Sales in Toronto … Read More

Mortgage brokers vs. banks: the pros and cons

Melanie ConsMortgage Talk Canada

If you’re looking for a mortgage on a home purchase — or to renew one on a home you already own — is a mortgage broker or a bank your best option? The main difference is a bank mortgage officer represents only the products their institution offers, while a mortgage broker is an intermediary who works with multiple lenders and … Read More

Good Debt vs. Bad Debt: The Dos and Dont’s

Melanie ConsMortgage Talk Canada

Debt doesn’t have to be a four-letter word. Well, it is but it doesn’t have to be a bad thing. It all depends on what kind of debt you have. There are two types of debt: Good and Bad, and if you’ve ever tried to get a loan, these debts are analyzed before a lending decision is made. Now this … Read More

6 Steps to Get Out of Bad Debt and Into Good Debt

Melanie ConsMortgage Talk Canada

Everyone at one point or another gets a reality check that makes it clear that you’ve been a bit too free and careless with your finances …and it’s time to make a change. Debt is not necessarily a bad thing, but you want good debt, not bad. If that sounds familiar and you’re looking for a way to be a … Read More