Canadian Mortgage Guide
Buying a house or a condo (getting a mortgage) is the biggest purchase most Canadians will make during their lifetime. Because of that it's imperative to learn as much as you can about each aspect of getting a mortgage including all mortgage terms, their meaning, your responsibilities, your rights and how to pay off your mortgage faster.

Getting a mortgage in Canada should be the same as in most countries in the world, but nevertheless this mortgage guide is meant for Canadians looking for mortgage. When shopping for mortgage Canadian consumers should be aware that the real estate market is very dynamic, and there might be huge differences in regional housing markets across Canada, For example the housing sector might be hot in Alberta - Calgary and Edmonton in particular, but it might be depressed in Montreal, Ottawa and Toronto. Real estate is a cyclic industry and it has its ups and downs, that's why it's very important to do your own research and decide where in Canada you want to live and buy a property.

The guide starts with short articles explaining mortgage terms that every Canadian should know like mortgage insurance, amortization, downpayment, mortgage term, and then goes to explain various aspects of getting a mortgage, including how to shop for mortgage in Canada, what type of mortgage to choose, calculate how much of a mortgage can you afford and who are the biggest mortgage lenders in Canada. First time home buyers in Canada might be interested in learning more about the Home Buyers Plan.

The mortgage section of Canada Banks website also offers a mortgage calculator, which Canadians can use to calculate their mortgage fees and payments.

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