Homewise

During the month, the Canadian Real Estate Association confirmed record home sales for September, with a 0.9% increase from August. The Bank of Canada also announced that as of today, they will be ending one of their pandemic emergency stimulus programs, which may prompt a rise in mortgage rates. To read more of the latest in mortgage news, check out our blog post.

Saving enough for a down payment and budgeting for monthly mortgage payments is no easy feat. It's a huge financial commitment and can take many years of saving before you can finally take the plunge. This is why so many people choose to purchase a home with someone else, whether it's a significant other, friend or family member. Check out our guest blog post by Loans Canada to learn more about joint mortgages and if this is the right option for you.

Buying a home is an exciting milestone, but also one of the biggest investments you'll ever make. That's why it's essential to be well-informed and confident in all of your choices, especially when it comes to your mortgage. On the blog, we shared our go-to checklist to guide and help you choose the mortgage that's right for you.

Buying mortgage life insurance might seem like a good idea, but is it really the best life insurance option for your new home needs? Maybe not. In our latest guest blog post by PolicyMe, they break down the key differences between mortgage life insurance and term life insurance, and explain why, for most people, term life insurance offers better protection against mortgage debt.

Our team at Homewise is so excited that our Co-Founder Jesse Abrams received The W. Galen Weston "Top Entrepreneur" award. We are also delighted to announce that our team is being distinguished as "Most Likely to Succeed" by NEXT Canada. Read more in NEXT Canada's Grit magazine and learn more about some of the incredible entrepreneurs building amazing businesses that were also part of the 2020 NEXT cohort. https://lnkd.in/gDyEXcf