willbalo, Author at Mortgage Library

Closing Costs in Canada (2026): How Much to Budget, With Examples

Every closing cost Canadian buyers pay, a real $700,000 Toronto example and five ways to lower the bill.

Every major first-time home buyer program in Canada for 2026, what each is worth and how to stack them.

How the Ontario HST rebate on new homes works in 2026: up to $130,000 of relief, open to all buyers until March 31, 2027.

Who qualifies for the first-time buyer GST rebate, how much it is worth and how to claim up to $50,000 back on a new home.

How the RRSP Home Buyers’ Plan works in 2026: the $60,000 limit, who qualifies, the new repayment deferral and when to use it.

Contribution limits, eligibility, withdrawals and what happens if you never buy: the FHSA rules first-time buyers need for 2026.

What CMHC insurance costs in 2026, how the premium is calculated and four legal ways to pay less or avoid it.

See the household income needed for a $400,000 to $1 million mortgage in Canada, and four ways to qualify with less.

The formula, the Canadian semi-annual compounding twist and worked examples, so you can check any mortgage quote yourself.

The difference between an insured and uninsured mortgage in Canada, explained with a simple story, pictures and real examples.