The increase in value of something because it is worth more now than when you bought it is known as appreciation. This can occur with assets like real estate, stocks, or collectibles. Appreciation reflects the rise in market value over time, often influenced by factors such as demand, economic conditions, and improvements to the asset.

*The information provided is for educational purposes only and should not be considered legal advice. For specific legal concerns or questions related to your mortgage, it is always best to consult with a qualified legal professional.*

Mortgage Education

  • Total Debt Service Ratio (TDS)

    The percentage of gross income allocated for payments of principal, interest, taxes, and heat (P.I.T.H.), along with other debt obligations, [...]

  • Title Insurance

    Title insurance protects property owners and lenders from financial loss due to defects in the title of real property. These [...]

  • Discharging a Mortgage

    Understanding Mortgage Payment Deferrals in Canada In times of financial hardship, homeowners may find it challenging to keep up with [...]

  • Optional Mortgage Insurance Products

    Understanding Optional Mortgage Insurance Products in Canada When it comes to securing a mortgage in Canada, one of the [...]

  • Mortgage Relief Options

    Facing financial difficulties can be overwhelming, especially when it comes to managing your mortgage payments. Fortunately, there are several [...]