Mortgage Refinancing in Ontario, Canada If you have a mortgage on a property in southern Ontario, Canada, and you have been paying on it for more than three or four years (or fewer, if you’ve been making accelerated payments), then refinancing that mortgage may be an attractive option. When refinancing ...

If you’ve been in the process of selling one house and then buying another, then you know that lining up the two closing processes can be tricky. You can end up having to take on a second mortgage while you’re still paying the first one, and unless you have significant ...

Reading the Canadian news these days can cause no short amount of anxiety. However, in the trenches of the home-building industry, creativity and innovation are hard at work, finding ways to address the deficit in Canadian home supply. One example of this is “Val” – a robot designed to lift ...

For many real estate investors or owner-occupiers, private mortgage lenders in Toronto are a growing trend. If you are looking to invest in Toronto real estate, there are a number of opportunities available to you, as the market is diverse in nature. The increasingly strict lending requirements that conventional banks ...

The last quarter of 2024 saw a bounce in home sales in Canada, and there is hope that 2025 could bring the real estate market back onto its feet. The government relaxed regulations for mortgages, and interest rates appear to be ticking downward. Those two factors should make mortgage financing ...

The year 2025 is an exciting time within the Canadian construction industry. Even with the uncertainty associated with American tariff policy, technological advancement, demographic changes, and policy shifts have made construction an intriguing sector. One innovation is IPD, or Integrated Project Delivery. This model pushes for collaboration among owners, architects ...

Technology associated with automation has been a part of the mortgage lending industry for over 30 years, but the arrival of generative artificial intelligence (AI) has brought a new era of change to the entire process. Some lenders use generative AI to boost the number of loan applications they can ...

If you plan on moving into Ontario or purchasing an investment property in the province, you may be looking for private mortgage lenders as an alternative to conventional mortgage financing. If you are looking to be an owner-occupier but lack the sort of credit score that you need to qualify ...

An Overview of the Mortgage Renewal Process in Ontario When you purchase a house in Ontario (or elsewhere in Canada) using a mortgage, in almost all cases the amortization of the note will take longer than the term of the loan that you have taken out. In Canada, you can’t ...

A Traditional reverse mortgage is just what it sounds like – a loan in which a homeowner can get up to 55% of the current value of their primary residence without having to sell the home or refinance the property. In Canada, with most Reverse Mortgage Institutions, you have to ...

If you find yourself overwhelmed with debts and are considering filing a bankruptcy in Ontario, there are some things that you need to know first. Here are some of the most common questions that people ask us about this process. What are the pros and cons of filing for bankruptcy ...

On 31 May 2024, an Order in Council appeared within the Canadian government, and it came into effect at the start of 2025. The maximum criminal rate of interest had been 60% EAR (effective annual rate). As of 1 January, that number dropped to 35% APR. For comparison purposes, the ...

The reality for the vast majority of Canadians is that if you want to buy a home, you’re going to have to take out a mortgage. At least when it comes to purchasing a first home, most Canadians don’t have the cash on hand to pay for a house without ...

The entire mortgage industry saw its regulations change on 11 October as FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada) has implemented new compliance obligations to accompany their anti-money laundering (AML) rules. FINTRAC has been charged with analyzing and monitoring financial transactions to fight such maneuvers as sanctions ...

The economy in Ontario is getting a growing boost from spending on home renovations. According to the Canada Mortgage and Housing Corporation’s latest report, the spending is coming both from aging households as well as spending on properties at the high end of the value spectrum. CMHC regional economist Ted ...

Do you own a home in Ontario and could use some financial relief? Most people never think about the possibility of taking out a home equity loan when times deliver a surprise. They pay on their mortgages, month after month, making that payment their top financial priority (as they should) ...

Dividing Property upon Separation and Divorce or the Decease of a Spouse According to the Canadian constitution, each province may establish rules for dividing properties for couples who are married or who have common-law status when the relationship ends or one of the partners dies. This article is specific to ...

One of the sad facts about the current economy in Ontario is that too many seniors are worried about the state of their retirement funds. Either they had a layoff earlier than they thought, so they weren’t able to salt away as much money for their golden years, or the ...

If you have recently acquired property in Ontario, you likely face a land transfer tax from the province. In most cases, the amount of this tax is based on what you paid for the land, as well as the remaining balance of any debt or mortgage that you took out ...

If a borrower falls behind on his mortgage payments and goes into default, the lender has the legal right to go after its interest in the property. This is why Ontario instituted the Ontario Mortgage Act to provide both borrowers and lenders with an established set of privileges available to ...

Finding Mortgage Loans in Ontario If you live in Toronto or Ottawa, and you’re ready to leave your apartment behind and purchase a house, you’re probably one of many people shopping for mortgage loans in Ontario. Amansad Financial has served clients all over the province, from Kitchener, Vaughan and Brampton, ...