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Refinance to Pay Off CRA Debt in Canada: What Homeowners Need to Know in 2025

If you’re a Canadian homeowner and the CRA is knocking with a tax bill you can’t afford, you’ve got more power than you think—especially if you’ve built up equity in your home. CRA debt can spiral quickly, thanks to aggressive interest and penalty structures. But with the right refinancing strategy, you might be able to…

What Is a Mortgage Agent? (Definition + What They Actually Do)

If you’re buying a home or thinking about refinancing, you’ve probably heard the term mortgage agent come up. But what exactly does that mean? And how is it different from a broker—or the mortgage rep at your bank? Let’s keep it simple: a mortgage agent is a licensed professional who helps you arrange mortgage financing….

Different Types of Mortgages in Canada: A Definitive Guide

For most people, sorting out a mortgage can feel overwhelming. Whether you’re buying your first home, renewing your current mortgage, or looking to access equity for renovations or investments, the options can become confusing—fast. The good news? Once you understand how each type of mortgage works, things start to make a whole lot more sense….

Mortgage with Broker vs Bank: What’s the Actual Difference?

What Does a Mortgage Broker Do? Think of a great broker like your GPS in the mortgage world—navigating around obstacles and helping you find the most efficient path to your ideal mortgage. They’re licensed professionals who shop around on your behalf — across dozens of lenders, including banks, credit unions, and what’s known as monoline…

How Much Mortgage Can You Afford on a $70K Salary in Canada? [2025 Guide]

Earning $70,000 a year in Canada? You’re probably wondering how much house you can actually afford — and whether the dream of homeownership is within reach. Good news: for most Canadians in 2025, a $70K salary can qualify you for a mortgage somewhere between $280,000 and $380,000. But that’s just a ballpark. The exact number…

How Much Do You Really Need for a Condo Down Payment in Canada?

Buying a condo is a big step—whether it’s your first home, an investment property, or a move into something more manageable. One of the first questions most buyers ask is: “How much do I need for the down payment?” The short answer? It depends on the price of the condo and whether you plan to…

All You Need to Know About Homeowners Association Fees

Posted in Mortgage News: HOA fees—or Homeowners Association Fees—are commonly required for properties in some of Calgary’s newer communities, such as Auburn Bay, Mahogany, or West Springs. These fees fund the maintenance of shared amenities like lakes, tennis courts, or parks. Read on for more detailed guidance on HOA fees: What Do HOA Fees Cover?…

A Step-by-Step Guide to Renewing Your Mortgage

Posted in Mortgage News: When it comes time to renew your mortgage, it presents a great opportunity to reassess your financial situation and determine whether your needs have changed since your last mortgage term began. Perhaps your budget has shifted, you’re thinking about moving, or you’re no longer happy with yourcurrent lender. Factors like these…

Don’t Be Fooled by These 4 Common Mortgage Broker Myths

Posted in Mortgage News: If you’ve never considered working with a mortgage broker, it might be because you’ve heard a few things about them that just aren’t true. Mortgage brokers can be incredibly helpful when it comes to finding a great deal on a loan. In fact, many of their clients end up saving thousands—savings…

Could You Benefit from a Co-Signer on Your Mortgage?

Posted in Mortgage News: Getting approved for a mortgage in Canada isn’t always straightforward. If you’re facing challenges with income, credit, or passing the mortgage stress test, having a co-signer could be the boost you need. Here’s a closer look at how co-signing works, when it makes sense, and what you should consider before moving…

Mortgage Broker Luke Wile Starts New Chapter at Red Key Mortgage Group

Posted in Mortgage News: After four years as an associate with The Mortgage Centre, Calgary mortgage broker Luke Wile has launched a new firm—Red Key Mortgage Group—as part of the Verico Network. Luke Wile’s Mortgage launch marks an exciting new chapter for Red Key Mortgage Group and for homebuyers across Calgary. Having served as both…

Assuming a Mortgage in Canada: What Buyers and Sellers Need to Know in 2025

With home prices staying high and interest rates not giving anyone a break, Canadian buyers and sellers are starting to look beyond the traditional mortgage route. One increasingly appealing option? Assuming a mortgage. If you’re scratching your head wondering what that actually means — or whether it’s a smart move in today’s market — you’re…

How Long Does Mortgage Approval Take After Pre-Approval?

Your complete guide to answer the question, “How long do I need for my mortgage financing condition when buying a new home?” Let’s get into it. So, you’ve got your mortgage pre-approval in hand—nice! That’s a big step. But now you’re wondering: how long until I actually get the mortgage and can call that house…

How to Get a Bad Credit Mortgage Loan in Canada

Poor credit doesn’t have to mean saying goodbye to your dream of homeownership. In fact, more Canadians than ever are qualifying for bad credit mortgage loans — and there are real options available if you know where to look and how to prepare. Whether your credit history includes late payments, collections, or a bankruptcy, this…

How Does a Mortgage Broker Get Paid in Canada?

If you’re shopping for a mortgage in Canada, you might be considering working with a mortgage broker. One of the most common questions people ask is: how does a mortgage broker get paid? It’s a great question—and one that’s important to understand before you choose who helps you with one of the biggest financial decisions…

How to Buy a Home With No Down Payment in Canada (2025 Edition)

Let’s be real—saving for a down payment in Canada feels like trying to fill a swimming pool with a teaspoon. Home prices haven’t exactly chilled out, and for many would-be homeowners, the biggest roadblock isn’t the monthly mortgage payment… it’s coughing up that initial chunk of change. So, can you actually buy a home in…