In a recent article, we looked at how the Bank of Canada’s policy rate affects other banks’ prime rates and what it means for borrowers. The bank’s interest rate impacts a lot of what happens in the Canadian financial system, but it isn’t the only important variable that investors should know about. Another common figure that plays […]

Looking for some tips to improve your home security? While there are many things you can do, the security you choose will depend on your comfort level and preferences. Check out these ideas below to help get you started! Reinforce the windows on your first floor with window stops Use deadbolts instead of spring-latch locks. […]

Nearly one half (48%) of Canadians are $200 or less per month away from not being able to meet all of their bills or debt obligations each month, including 26% who say they already don’t make enough money to cover their bills and debt payments, according to a new Ipsos poll conducted on behalf of […]

If you are dreaming of your very own vacation home, there are ways to make it happen! Let me walk you through your options. When it comes to taking on a vacation property, you will need to have a minimum down payment of 5% of the purchase price. If you are purchasing a non-winterized vacation home, […]

What is a reverse mortgage? A reverse mortgage is an equity product available for those 55+ that allows you to tap into your equity without making a monthly payment. They can be fairly conservative in how much they lend, and it’s based on age and property. The older the client, the higher the approved limit. […]

For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also a great option for anyone wanting to assist their elderly parents. Instead of selling the home […]

With the Bank Of Canada expecting to raise interest rates another .50% you may feel the variable-rate rollercoaster is not worth riding anymore. Certainty is not something that can be provided in an everchanging market, however, you do have options with your mortgage if you own your home. If you do want to lock in […]

In light of the recent Bank of Canada announcement, raising the interest on variable rate mortgages by 0.5%, we wanted to take the initiative prior to the next expected ones to provide the knowledge on how to find the available options of locking in your variable rate, should this be something you are considering. It’s […]

Holy Smokes! Canadian Inflation Is At 6.7% StatsCanada today reported that consumer prices rose a whopping 6.7% year-over-year in March, a full percentage point above the 5.7% reading the month before. Market-driven interest rates shot up on the news as the prospects increase for another half-point rise in the overnight rate when the Bank of […]

Canadian March Home Sales Posted Their Biggest Decline Since June Statistics released today by the Canadian Real Estate Association (CREA) show that rising interest rates were already dampening housing activity well before the Bank of Canada’s jumbo spike in the key policy rate in mid-April. National home sales fell back by 5.4% on a month-over-month […]