MCAP Blog

The number of condo units in Canada is steadily rising, with condominiums accounting for roughly 15% of the country’s housing. In major urban centres like Toronto and Vancouver, this share is considerably higher, with condos representing between 25% and 35% of occupied homes.

For MCAP homeowners, one of the best perks about having a mortgage with MCAP is the opportunity to participate in our exclusive contest, MyHome Sweepstakes. This contest, that is run annually, gives homeowners the chance to win amazing prizes like a property tax payment for the year, thousand-dollar gift cards, and even a mortgage payment of $4,000!

Mortgages can be a mystifying topic for many Canadians, and there are plenty of misconceptions out there. These mortgage myths can cause confusion and may even deter potential buyers from pursuing their homeownership dreams. Here, we debunk five common mortgage myths, offering clarity and confidence to anyone thinking about buying a home.

Spring is in the air – a time when Canadians look forward to warmer weather, more daylight, and the welcome disappearance of snow and ice. But the change in seasons isn’t just something that happens in nature. It’s a cue for homeowners to refresh and maintain their homes. After months of harsh winter conditions, a little attention now can get your home ready for the season ahead. The checklist below covers some important spring home maintenance tips to help you tackle essential tasks and keep everything running smoothly.

If you have a mortgage, chances are you’ll have to renew your mortgage contract a few times before your mortgage is paid off. Mortgage renewals are a typical part of the mortgage lifecycle, but many homeowners are caught off guard when it’s time to renew.