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Clay Jarvis
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Clay Jarvis

Clay Jarvis

Lead Writer/Spokesperson Homebuying, mortgages, real estate investing

Clay Jarvis is NerdWallet’s mortgage and real estate expert in Canada. Thus far, his entire professional writing career has revolved around real estate. Prior to joining NerdWallet, he was the editor and senior writer for four publications, including the leading website for the country’s mortgage industry, Mortgage Broker News. Clay has written 30,000-word examinations of Canada’s real estate investment market, interviewed the industry’s most powerful leaders and analysts, and has helped choose both the nation’s top realtors and mortgage brokers. He is based in Toronto, Ontario.

Education: B.Ed from University of Saskatchewan

Previous Experience:

Mortgage writer, Wise Publishing
Editor, Mortgage Broker News
Editor, Canadian Mortgage Professional
Editor, Real Estate Professional
Editor, Canadian Real Estate Wealth

The latest from Clay

Mortgage Insurance: How It Works And What It Might Cost You

Mortgage default insurance protects lenders against defaulting borrowers. Mortgage protection insurance pays your mortgage if you die or become disabled.

Understanding Open and Closed Mortgages

Choosing between an open and closed mortgage comes down to one big question — would you rather have a flexible contract or cheaper interest rates?

Fixed vs Variable Mortgage Rate: Which Is Better For You?

With a fixed-rate mortgage, your interest rate and payments won’t change during your mortgage term. But they might if you opt for a variable-rate mortgage.

Buying a House In Canada: The First Four Steps

Before you buy a house, you'll need to assess your goals and finances and secure some professional help.

Porting or Transferring a Mortgage

Porting a mortgage applies an existing mortgage contract to a new home purchase. Porting can be less expensive than breaking a mortgage.

The Cost of Breaking a Mortgage Contract

If you change your mortgage contract mid-term, expect to pay for it. Your penalty could be three months’ interest or the amount determined by your lender’s interest rate differential.

Canada’s RRSP Home Buyers’ Plan: How it Works, Who Can Use It

The Home Buyers Plan is a government program that allows Canadian homeowners to withdraw up to $35,000 from their RRSPs to help fund a first home purchase.

Canada’s $10,000 Tax Credit for First-Time Home Buyers

The First-Time Home Buyers’ Tax Credit, worth up to $1,500, can help offset a portion of your home ownership costs.

Mortgage Pre-Approval: What It Is, How to Get It

A mortgage pre-approval is when a lender evaluates your finances to give you an estimate of how large a mortgage you might qualify for. Pre-approval can be considered a pledge, but not a guarantee

What Is a Market-Linked GIC?

The performance of a market-linked GIC is determined by activity in the stock market. Your initial investment is guaranteed, but it has the potential to earn more interest if the market rises.

Registered vs. Non-Registered GICs

Your savings grow tax-free in a registered GIC, but there are contribution limits. With a non-registered GIC, you can contribute as much as you'd like, but earnings are taxed.

What Is a Non-Redeemable GIC?

Non-redeemable GICs have fixed rates and predictable returns. That security comes with an important caveat, though: You can’t access your funds until they mature.

How Do Cashable and Redeemable GICs Work?

Cashable and redeemable GICs let you access your principal before the term ends without penalty. But that flexibility comes with lower interest rates than those offered by other GIC options.

What a Guaranteed Investment Certificate (GIC) Is — And How To Use One

A GIC is a low-risk investment that provides guaranteed returns. It can be held in a tax-free registered account. Typically, the longer the term, the higher the rate you might get.

What You Should Know About RRSP Withdrawals

You can withdraw from your registered retirement savings plan at any time, but withdrawals made before you turn 71 can lead to significant penalties.

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