How much mortgage default insurance costs in Canada by down payment, a worked example, Ontario sales tax on the premium and how to reduce it.
Ottawa Mortgages
Ottawa mortgage guides, calculators and licensed broker matching
Mortgage Prepayment Penalty Explained (3 Months Interest vs IRD)
How mortgage prepayment penalties work in Canada, with a three-month interest example, how IRD differs and ways to avoid or reduce it.
Closing Costs When Buying a Home in Ottawa
A checklist of closing costs for Ottawa buyers: Ontario land transfer tax, legal fees, title insurance, adjustments and how much to save.
How Much Down Payment Do You Need in Canada?
Minimum down payment rules in Canada: 5% on the first $500,000, 10% up to $1.5 million and 20% above. Examples and where the money can come from.
Mortgage Stress Test in Canada, Explained
What the Canadian mortgage stress test is, the qualifying rate rule (contract rate plus 2% or 5.25%), who must pass it and how to qualify.
Fixed vs Variable Mortgage in Ontario: Which Is Better?
Compare fixed and variable mortgage rates in Ontario: payments, penalties, trigger rates and how to choose for your budget and plans.
How Much Mortgage Can I Afford in Ottawa?
Learn how lenders calculate your maximum mortgage in Ottawa using GDS and TDS ratios and the stress test, with a worked example.