MCAP Blog

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.

Every year on March 8th, International Women’s Day (IWD) is celebrated around the world. Originating in 1911, IWD focuses on furthering women’s rights, promoting equality and advocating for change.

Whether you’re looking to buy your first home, paying down your mortgage, or exploring how a rate change may impact your mortgage payments, the MCAP Mortgage Payment Calculator is a useful resource at all stages of your homeownership journey. In this blog, we’ll take a closer look at the different features of the calculator and how to use it to simplify homeownership in your situation.

As home prices continue to climb and home equity increases across the country, you may have considered if a Home Equity Line of Credit (HELOC) is right for you. A HELOC is a revolving line of credit that is secured against the equity in your home. In Canada, there are approximately 3 million HELOC accounts with an average outstanding balance of $70,000. Before applying for a HELOC, here are some things to help you determine if it’s the right choice for your financial situation and goals.

At MCAP, one of our top priorities is giving back and supporting the communities where we work and do business. In 2024, we had the privilege of supporting many deserving organizations and charities across Canada with the help of our brokers and employees. Here are some of the highlights from 2024!