MCAP Blog

Buying a home is the most expensive financial purchase most people will make in their lifetime. For that reason, the mortgage interest rate you receive will make a big impact on how much you pay over the lifetime of your mortgage – even a difference of a single percent can amount to thousands of dollars. The down payment you make on your mortgage is an important factor that lenders will look at when determining what mortgage rate they will offer. Let’s explore the role your down payment plays in your mortgage rate options and how to position yourself for the best rate possible.

Being an MCAP homeowner comes with some added perks—like the chance to win amazing prizes in the MyHome Sweepstakes! From mortgage payments to property tax coverage for the year, we’re happy to make homeownership a little bit more fun and rewarding for our homeowners. We spoke to some recent winners to see how they felt after winning. Here’s what they won and what they had to say!

When it comes to buying and owning a home, there are many costs to consider. More than just the purchase price, there are many additional costs that will come up during the purchase and throughout owning your home. This guide will give you all the necessary info on how much it costs to buy and own a home in Canada.

In his role as Executive Vice President & Chief Financial Officer at MCAP, Jebon Lok oversees all financial operations at MCAP, including budgeting, forecasting, and strategic financial planning. Over his 15 years with the organization, he has been promoted from Assistant Controller to progressively senior finance roles. The team he leads today is responsible for managing MCAP's corporate and trust assets and liabilities, preparing the financial reporting for all entities, and ensuring the company is in compliance with any obligations related to funding and hedging programs.

Whether you’re an investor looking to develop a property, or a prospective buyer exploring housing options, zoning by-laws can play a large role in what you decide to build, buy, or develop. In this blog, we’ll explore what you need to know about zoning by-laws and how they can impact property value.