Illustration of missed mortgage payment

Understanding the Consequences of Missing a Mortgage Payment: A Guide for Canadian Homeowners

With the rising cost of living and inflation affecting households across Canada, many homeowners are finding it harder to stay on top of their mortgage payments. Essential expenses like groceries, utilities, and transportation now consume a larger share of monthly budgets, leaving less room for financial flexibility. This economic pressure has made missed mortgage payments…

Your Calgary Guide to First Home Savings Accounts: Decoding CRA’s FHSA’s

First Time Homebuyers Alert! This is for you!!   If you’ve ever wondered about the ins and outs of First Home Savings Accounts (FHSAs) and how they can impact your journey to homeownership, you’re in the right place. We’re here to break down the recent insights shared by the Canada Revenue Agency (CRA) and make…

Seizing the Opportunity: Canadians Embrace the New First Home Savings Account

Canadian banks are reporting a surge in interest in the newly introduced First Home Savings Account (FHSA) program. This innovative initiative empowers potential homebuyers to kickstart their homeownership journey by saving and investing for a down payment, all while enjoying tax-free benefits! At Canadian Mortgage Professionals, we’re thrilled to keep you in the loop about…