Mindblown: a blog about philosophy.

In Canada, a home buyer’s minimum down payment depends on the property’s total purchase price. Homes costing $500,000 or less require a minimum 5% down payment from personal savings. Properties between $500,000 and $1.5 million need 5% on the first $500,000 and 10% thereafter. Homes priced above $1.5 million require a full 20% down payment…

Slide 1 Rates finally sit in a “good place,” but buyer confidence hasn’t fully bounced back yet. Slide 2 Canada’s nine rate cuts brought major relief, yet affordability still challenges first-time buyers nationwide. Slide 3 Lower borrowing costs usually boost sales, so stronger buyer activity could show up early next year. Slide 4 A recession-triggering…

Newcomers must build Canadian credit history early—secured cards, on-time bills, and monitored reports boost approval. Lenders assess credit, income, job stability, debt ratios, and down payments—typically 5% to 20%. Budgeting for mortgage readiness includes saving 20% down payment, taxes, insurance, and maintenance costs. Mortgage brokers and real estate agents help newcomers secure best rates and…

Evaluate your income, expenses, and savings early to set a realistic budget and ensure long-term financial stability. Save at least 5–20% for a down payment to reduce mortgage insurance costs and overall loan burden. Secure mortgage pre-approval to know your borrowing limit, lock in rates, and strengthen your buying position. Research local markets and work…

Know your finances first by checking your credit score, income, expenses, and budget before approaching lenders. Research lender types like banks, credit unions, brokers, and online lenders to find the best fit for your needs. Compare rates and terms carefully, including fees and loan programs, using Loan Estimates to get the full picture. Evaluate customer…

Speed up payments: Switch to biweekly payments to make an extra annual payment and reduce interest over time. Increase payments: Pay more toward your mortgage whenever possible to reduce your principal faster. Make lump-sum payments: Use windfalls like bonuses or tax refunds to make extra payments and lower interest. Weigh your options: Review your mortgage…

The “eleventh hour of the eleventh day of the eleventh month" of 1918 that signaled the end of World War I. On this day we honour those who have sacrificed so much to keep our flag flying high. Remembrance Day Salute to all heroes, and thank you for your service.