Blog
Insights on home equity, alternative finance and Canadian real estate.
The Great Divide in the GTA Housing Market
The spring housing market in the Greater Toronto Area (GTA) hasn’t just been a bit sluggish, it’s split in two. As highlighted in the Canada Mortgage and Housing Corporation’s (CMHC’s) recent Housing Market Outlook, residential real estate in the GTA isn’t moving as a single market anymore. Instead, we’re seeing a clear divergence, with condominiums…
Beyond Interest Rates: Hidden Mortgage Loan Features and Their Impact on You
You know about fixed versus variable interest rates but what about the rest of the terms of your mortgage loan? These often-overlooked details can help or hinder your financial flexibility, especially when considering options for secondary financing, like a Home Equity Sharing Agreement (“HESA”, rhymes with ‘visa’) from Clay Financial. While we’re not a mortgage…
From Extra Space to Extra Cash: The GTA Homeowner’s Intro to Basement Suites
A basement suite allows homeowners to transform an under-used space into a valuable asset. Not only can it generate rental income or provide expanded living arrangements for multi-generational families, but it also increases your home’s value and marketability. A finished basement suite makes the home more appealing to future buyers, setting it apart from other…
Clay Financial launches HESA Calculator
We’ve launched a new tool to help homeowners learn about our Home Equity Sharing Agreement (HESA). Our HESA Calculator lets you see how much equity you can access in cash today and what your payment could be at the end of your HESA. Clay is not a lender and a HESA is not debt. Instead,…
7 Ways To Access Your Home Equity in Canada
Whether you want to retire comfortably, renovate your home, consolidate debt, start a business, help your kids with a down payment on their first home or diversify your investments, the equity in your home could be the key to making your financial goals a reality. Canadian homeowners have built up a staggering amount of home…
Clay Financial’s HESA now live in the GTA
Applications are now open for our Home Equity Sharing Agreement (”HESA” – rhymes with visa) in the Greater Toronto Area! From Toronto to Newmarket and Burlington to Oshawa, homeowners now have a smarter alternative for tapping into their home equity. Home equity has become a substantial portion of Canadian homeowners’ wealth (over $5 trillion!). Until now, there…
Clay Financial Inc. Raises $1.7 Million to Revolutionize Home Equity Access for Canadian Homeowners
Toronto-based fintech Clay Financial Inc. (“Clay”) has successfully closed its pre-seed funding round, securing $1.7 million. Clay is building innovative solutions to help Canadians tap into their home equity without selling or taking on debt. The funding will enable Clay to complete development of its novel product and platform, expand its team and fuel the company’s strategic growth…
