MCAP Blog

As we prepare for another year of MyHome Sweepstakes, we’re excited to share the great prizes we have in store for our homeowners in 2025. Lucky MCAP homeowners will have the chance to win the highest individual prizes in MyHome Sweepstakes history!

For the Canadian homeowner, winter is an inevitable reality. Whether you view the white fluffy stuff as a friend or foe, it’s important to make sure your home is prepared for whatever the season may bring. Not only will proper winter home maintenance ensure your home is a comfortable space for you and your family throughout the winter months, it’s also a good way to maintain the value of your home too.

November is Financial Literacy Month in Canada. Finances impact many areas of everyday life, from the mundane aspects like day-to-day spending habits to more impactful things like mental health. By improving your financial literacy, you can make a significant impact on your financial outlook and improve your quality of life. Here are some tips for homeowners (or homeowners-to-be) that can help you if you’re looking to amp up your financial acumen.

If you’ve made the decision to buy a home, you’ll probably be taking a closer look at your finances to figure out how to reach your homeownership goals. Whether it’s your first home or a new space to meet your family’s needs, saving towards a new home is no easy task. On top of that, you may have other financial goals you’d like to achieve as well like saving for retirement, a well-deserved vacation, or building an emergency fund.

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.