When you apply for a mortgage, one of the most exciting moments can be hearing how much you’re approved to borrow. It can feel like a clear answer to the question: “What price range can I afford?” But mortgage approval and financial comfort aren’t always the same. The amount a lender approves is based on…

Buying a home is a significant milestone for many Canadians, but understanding the journey from affording a home to getting approved for a mortgage is crucial. Here’s a closer look at these two essential yet distinct steps in the homebuying process. Affording a Home Affording a home is about evaluating how much you can realistically…