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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

How Much for a Down Payment on a House?

Your minimum down payment depends on the lender, but you are required to put at least 5% down on a home under $500,000.

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 $60,000 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?

A market-linked GIC's earnings are determined by activity in the stock market. Your initial investment is guaranteed, but the interest earned rises and falls with the market.

Registered vs. Non-Registered GICs

The main difference between registered and non-registered GICs is that registered GICs are held in investment accounts that receive special tax privileges.

What Is a Non-Redeemable GIC?

A non-redeemable GIC provides higher interest rates in exchange for locking in your investment for a non-negotiable length of time.

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.

Guaranteed Investment Certificate: What a GIC Is and How It Works

A GIC is a low-risk investment product that guarantees your initial deposit while earning a fixed or variable rate of return, which is typically paid at the end of the term.

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