In Toronto and Vancouver, the growth of home prices has far outpaced the growth of people’s incomes. To compensate people have been taking advantage of low mortgage rates and doing financial acrobatics to pay these exorbitant prices.
You’ve saved up some decent money after working for many years. You asked around to make sure that you’re ready. You’ve decided that the time is right to buy a home. You’ve even found the perfect place. Now it’s time to find a mortgage. The only problem is that you’re struggling to find the ideal interest rate.
