Which Mortgage term makes sense for you? According to Statistics Canada, almost three-quarters of Canadians had a short-term, fixed-rate mortgage in the last five years. Most homeowners who choose this option over a longer-term mortgage do so because of the freedom it grants them.

Buying a home can be an expensive and stressful time, but not if you think about the long-term financial and non-financial advantages that come with homeownership. To make the whole process go a lot smoother you need to have the right people with the proper knowledge on your side.

Who sets Mortgage rates? How do we know when they will change? Let's break down this question in order to have a better understanding of mortgage rates, why they fluctuate and how we can use this knowledge to potentially save ourselves money on our mortgages.

In decades past, the only way to acquire a mortgage was to go through a bank. However nowadays, it's extremely common to utilize the expertise of a mortgage broker – in fact, the Canadian Mortgage and Housing Corporation (CMHC) reports that in 2019, one third of all home buyers received recommendations to use a mortgage broker. But which option is genuinely better for prospective buyers, and why?

If you're about to embark on the path of homeownership for the first time, you will need to familiarize yourself with mortgages and how they work. A mortgage can seem intimidating and overwhelming, but you will be ready to tackle the mortgage process with a bit of homework and the right enthusiastic professionals by your side.