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Buying a home is a huge undertaking and likely the largest financial investment you’ll make throughout your lifetime. That’s why nesto has compiled this special guide to help ensure teachers across Canada are aware of the various resources and programs…

Selecting a mortgage rate and product that’s right for you involves a lot of background work based on your short- and long-term needs, financial state and credit situation, to name just a few factors. That’s why nesto has compiled this…

Your mortgage payment consists of two main components: 1) Principal and 2) Interest. Together, they make up the money you’re obligated to hand over to your lender every month to pay off the amount you borrowed to buy your home. …

Key Takeaways Winnipeg’s real estate market has grown across all residential categories since the beginning of 2020, due to high demand and low supply levels.In March 2022, the average price of a home in Winnipeg was a record-setting $401,047, which…

Key Takeaways Montreal has experienced rapid growth in house prices for most residential categories from 2020-2022.The average sold price of a home in Montreal in March 2022 was $587,415, an increase of 14% year-over-year.Montreal’s sales-to-new listing ratio (SNLR) currently sits…

Whether you should pay your property taxes with your mortgage so that your lender pays the municipality on your behalf or if you make property tax payments straight to your city is an age-old debate. While first-time home buyers are…

With inflation news clogging up news feeds and news channels, we understand the toll it can take on both our wallets and our mental health. Since this week is Mental Health Awareness Week in Canada, it felt important to the…

While it may seem like a lofty goal for most millennials, home ownership is actually attainable with the right strategy and know-how. Today we’re going to dive into the topic and bust some myths around mortgage attainment for millennials. Below…

As inflation and other factors continue to shoot prices of building materials through the roof, it’s not news that the cost to build a house in Canada has been on the rise in recent times. While it’s an exciting thing…

Key Takeaways A mortgage lender is any financial institution or individual that lends money to help people buy a home.In Canada, mortgage lenders range from very large banks, to smaller banks, credit unions, alternative lenders, and even private lendersWhen choosing…

Wondering what alternative mortgage lenders are? In this definitive blog post, you’ll learn all there is to know about the different, alternative types of mortgage lenders available to you. Key Takeaways Conventional mortgages are offered by A-Lenders like the Big…

A recent report from Statistics Canada shows that there are over 2.6 million self-employed Canadians who do not take payment from an employer. This figure, which makes up for about 15% of the Canadian workforce, enjoys the various benefits that determining your…

Key Takeaways Montreal has experienced rapid growth in house prices for most residential categories from 2020-2022.The average sold price of a home in Montreal in March 2022 was $587,415, an increase of 14% year-over-year.Montreal’s sales-to-new listing ratio (SNLR) currently sits…

Whether you should pay your property taxes with your mortgage so that your lender pays the municipality on your behalf or if you make property tax payments straight to your city is an age-old debate. While first-time home buyers are…

Key Takeaways The Bank of Canada periodically sets a central interest rate, known as the target overnight rate, or key policy rate.Currently, the Bank’s key policy rate is set at 1.00%, as of April 2022. It is expected to rise…

Key Takeaways Winnipeg’s real estate market has grown across all residential categories since the beginning of 2020, due to high demand and low supply levels.In March 2022, the average price of a home in Winnipeg was a record-setting $401,047, which…

Key Takeaways Using equity built up in your primary residence is a great option for financing a vacation property or second homeAs long as the property you’re purchasing is intended for family occupancy at one point throughout the year, the…

Key Takeaways The Bank of Canada periodically sets a central interest rate, known as the target overnight rate, or key policy rate.Currently, the Bank’s key policy rate is set at 1.00%, as of April 2022. It is expected to rise…

Key Takeaways You can refinance your mortgage early to benefit from a lower interest rate, or access equity in your home.Refinancing can help you access equity in your home for things like home improvements, debt consolidation, or buying a second…

Key Takeaways Ontario has experienced record year-on-year growth in prices, for nearly all residential property types during the pandemicChanging lifestyles, immigration, investment, and shifting housing demographics have driven high demand for real estate in multiple cities in OntarioInterest rates are…

Key Takeaways Anyone can switch mortgage providers in Canada. However, you’ll need to make further considerations about the fees you must pay before completing the process successfully.Cost benefits such as lower rates and the flexibility of increasing your monthly prepayments…