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Author Ross Taylor
I started the Ask Ross blog in 2009 to share my financial knowledge with Canadians across the country. I am a firm believer in reliable and accessible information and I understand just how confusing financial, mortgage, and credit matters can be. Today, our blog and monthly newsletters are read by thousands of Canadians.
Get answers to your questions no matter how difficult – 7 days a week.
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Featured Articles
Explore our featured articles highlighting essential mortgage insights, trending topics, and strategic financial advice.
Should You Buy a Toronto Condo Now or Wait Until 2026
Toronto's condo market is down nearly 20%, but is that a warning or a window of opportunity? This guide explores prices, risks, rent trends, and expert strategies to help first-time ...
Will the Bank of Canada Cut Rates on September 17th?
Wondering if the Bank of Canada will cut interest rates on September 17th? Economic signals, and what they mean for your mortgage, whether you’re buying, refinancing ...
What Are First-Time Homebuyer Mortgage Questions Every Canadian Should Ask?
This guide breaks down everything first-time buyers should know, including credit scores, amortization, and expert tips to secure the best mortgage strategy for your situation ...
@RossTaylorMoney Twitter
Check out Ross on Twitter for his personal insights on the latest financial, mortgage, and credit matters across the country.
First Time Home Buyers
Explore our first-time home buyer articles to learn how to navigate the stress test, compare rates, and make the most of government incentives with clarity and confidence.
7 Risks & Essential Tips For Co-Signing A Loan For Someone With ...
P3: What You Need To Know About Cosigning a Mortgage In Part 2 of our “What You Need To Know About Cosigning a Mortgage” series, we explored the steps to ...
What Are The 7 Essential Steps To Take When Co-Signing A Mortgage...
Thinking of co-signing a mortgage for a family member? It’s a generous act but comes with risks. In Part 2 of our series, we outline 7 crucial steps—from having honest ...
What Are The Tax Implications of Co-signing a Mortgage in Canada?
P1: What You Need To Know About Cosigning a Mortgage In this four-part series on “What You Need To Know: Cosigning a Mortgage,” we’ll cover everything you need to know ...
Big Changes Coming To Canada’s Mortgage Rules: 8 Things You Need ...
Learn about the major changes to Canada’s mortgage rules on December 15th, 2024. Including higher loan caps and 30-year amortizations, this article answers 8 key questions Canadians are asking ...
Private Mortgages: When the door to the bank is closed.
Browse our private mortgage articles for clear guidance on alternative lending, approval challenges, and the strategies our team uses to help Canadians when the banks say no.
Private Mortgage FAQs: What Is a Private Mortgage and When Would ...
Despite increasing in market share by nearly 50% in less than a year, most Canadians don't know what private mortgages are. This primer answers commonly asked questions: what is a ...
Using Home Equity Loan to Pay Off CRA Tax Debt
Tax arrears Is a debt that can't be negotiated away, with a creditor you can't afford to ignore. It's never fun being hit with a large tax assessment, but homeowners ...
Alternative Mortgage Lenders Explained
The media paints alternative lenders as shadowy, less-than-reputable lenders who prey on desperate homebuyers. We look at the important role that alternative and private lenders play in the market and ...
Early Payment Of Consumer Proposal A Total Game Changer
This couple from BC tracked us down at AskRoss looking for relief from a large private second mortgage and also a honking big consumer proposal. We created an elegant mortgage ...
Reverse Mortgages
Explore our reverse mortgage articles to learn how these products help Canadian retirees access their home equity with clarity, flexibility, and confidence.
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Credit Repair & Consumer Proposal
Explore our articles on credit repair and consumer proposals to understand how recovery works in Canada and how our team helps you rebuild, regain momentum, and move toward your financial goals.
A Horrible Credit Score After Finishing a Consumer Proposal Isn’t...
A horrible credit score after finishing a consumer proposal isn't necessarily your fault. Many who've completed a consumer proposal are surprised to learn that numerous mistakes on their credit report ...
Mortgages 101 — What You Need to Know Before Applying For a Mortg...
Most first-time buyers lack sufficient funds to purchase their home outright and require loan financing (a mortgage) to make it work. In this article, we cover the basics of getting ...
COVID-19 Financial Questions and Answers
A running thread of reader questions and our answers and research about the impact of COVID-19 on your finances ...
COVID-19 Q & A: Is It Possible to Renew a Mortgage While In a Con...
A reader asks whether COVID-19 has affected her ability to renew a mortgage while still in a consumer proposal, and whether it's possible to refinance, pay off the remainder of ...
Canadian Mortgage Trends
Ross is a frequent author on Canadian Mortgage Trends, where he offers personal insights and deep dives into the mortgage industry. Read his latest articles below.
GTA News
Get the latest updates and analysis on the Greater Toronto Area’s real estate market, including key trends and developments affecting homebuyers and investors.
What Are First-Time Homebuyer Mortgage Questions Every Canadian S...
This guide breaks down everything first-time buyers should know, including credit scores, amortization, and expert tips to secure the best mortgage strategy for your situation ...
What Are All The Closing Costs When Buying a Home in Canada?
Closing costs in Canada can add thousands to your home purchase. This guide walks you through every fee, from land transfer taxes to legal and hidden charges. Learn what to ...
Bank of Canada’s 3 Economic Scenarios: What They Mean for Your Mo...
The Bank of Canada took a rare step in July 2025 by laying out three distinct economic scenarios instead of one forecast. Whether tariffs hold steady, ease, or escalate, each ...
Can You Get A Mortgage After A Consumer Proposal? Yes—Here’s How
Wondering if homeownership is possible after a consumer proposal? Discover how one reader cleared debt, rebuilt credit, and leveraged a vendor take-back mortgage to buy land and a home—plus expert ...
Bank of Canada Updates
Get updates on the latest rate announcements and clear guidance on what each change means for your mortgage, your budget, and your homebuying goals.
Looking for something else?
Dive into our comprehensive archive of articles covering a wide range of topics from mortgages and credit to personal finance and market trends, all designed to educate and inform Canadians.
Canada’s Renter Bill of Rights Update: Impact of Rent Payments on...
Understanding the Potential Benefits & Challenges of the New Credit Score Integration for Renters In a bold move to reshape the Canadian housing market ...
10 Real Estate & Financing Challenges – When to Consider a Privat...
Buying a New Home Before Selling? The Dilemma of an Unsold Property Note to our reader: For client privacy, the names of the subjects ...
Awarded Best Mortgage Broker – Toronto!
In a city as vibrant and dynamic as Toronto, standing out in the competitive mortgage industry is no small feat. However, Ross Taylor Mortgages ...
Awarded Best Mortgage Broker by Mortgage Broker Pros
Mortgage Broker Pros - Best in Mississauga "His services are particularly ideal for first-time homebuyers, investors, and anyone facing challenging circumstances such as inadequate ...
What To Do With Your Variable Rate Mortgage
I think if you are in a variable rate mortgage and content to "ride the wave" downwards, keep an eye on five year fixed ...
GTA Homeowners are Struggling with Variable Rate Mortgages
Here's my take on the updated outlook for variable-rate mortgage holders as of October 3, 2024 ...
3 Things You Can Do When You Have Too Many Debts
If you’re a homeowner who wants to get on top of their debts in today's market, we generally offer 3 solutions. Debt can weigh ...
Bank of Canada Rate Hike Announcement
After the January 24, 2024 meeting, the Bank of Canada maintained its overnight rate for the fourth time in succession. It appears we really ...
Should I Convert My Variable Rate Mortgage to Fixed?
Should you convert to a fixed rate loan? Update on July 12, 2023Homeowners near our Richmond Hill, Mississauga, Toronto locations with variable interest rate ...
Variable Rate Mortgages Are About To Hit Their Trigger Rate
What is about to happen to variable rate mortgages? Most variable rate mortgages have static monthly payments, which protect the borrower’s cash flow from ...
July 13th Bank of Canada Announcement
The Bank of Canada has increased the overnight rate by a whopping 1%, which means the chartered banks will most likely raise their Prime ...
Mortgage Stress test – Everything you need to know and more
Much has changed since this article was first published back in 2018. The mortgage stress test is not a foreign concept to homeowners and ...
8 Ways the Federal Budget 2022 Affects You
Federal Budget 2022 - Mortgage and Real Estate Impacts. Last week’s Federal Government 2022 Budget included a much-improved roadmap for first-time homebuyers to potentially ...
Three Ways To Beat The Mortgage Stress Test
Updated January 27, 2023All major banks are now offering five year variable rate mortgages around six percent! And five year fixed rates are much ...
Rate Hikes Have Begun – What You Need To Do
The rate hikes we have been expecting have started. I recently made a guest appearance on the CBC Radio 1 show, BC Today (starts ...
Rate Hikes Coming – Here’s What To Do
There seem to be three big things on everyone's minds these days: The incredible pace at which real estate everywhere is increasing in price.Inflation ...