What is Mortgage Insurance?

Mortgage insurance in Canada is a type of insurance that is designed to protect mortgage lenders in the event that a borrower defaults on their mortgage payments. It is mandatory for homebuyers in Canada who are putting less than 20% down payment on their home purchase to obtain mortgage insurance.  The mortgage insurance is provided […]

How does inflation affects housing costs?

Inflation, the persistent rise in the general price level of goods and services over time, is a crucial economic factor that has far-reaching effects on various aspects of people’s lives. One area significantly impacted by inflation is the housing market. Housing costs play a fundamental role in individuals’ financial stability and quality of life, making […]