When it comes to your mortgage application, there are a few things that you should avoid doing while you’re waiting for approval – such as making large purchases (i.e. a new car), applying for new credit, pulling additional credit reports, etc. Another issue that can come up is the loss of your job… What you […]

Whether you’re currently in the process of looking for your first home, or have just started to think about it, I have some first-time homebuyer tips to help make your journey as easy as possible! Some of these you may already know about, and some you might not, but they are sure to make your […]

Inflation Cooled Again in August, But Higher Rates Still Coming Canada’s headline inflation rate cooled again in August, even a bit more than expected. The consumer price index rose 7.0% from a year ago, down from 7.6% in July and a forty-year high of 8.1% in June, mainly on the back of lower gasoline prices. […]

The Bank of Canada has made it clear they are not done with interest rate hikes. We want to ensure that those up for mortgage renewals in the next 24 months take extra care when navigating the market to ensure the best mortgage strategy. If a renewal date is coming up for you or a […]

Should Bank of Canada continue to hike rates aggressively or take a more cautious approach? There are good arguments on both sides The Bank of Canada continued its tightening cycle last week by announcing a 75-basis-point increase in its overnight rate target. That target is now above the top end of the Bank’s estimate of […]

Recently we were interviewed by Global News to talk about the surging remortgaging numbers as interest rates continue to increase. “People are going from being in fixed rates of two percent to the high fours and  even fives, so on a $500,000 mortgage you could see a payment increase of up to $500 a month” […]

With Fall just around the corner, here are some of my favourite (and helpful!) home prep tips to help you be ready for the upcoming season. Following these tips will ensure everything continues running well into the colder months! Inspect Your Gutters: This time of year it is important to clean and inspect your gutters […]

It’s time to go back to school… for your finances! The fall is the perfect time for a credit clean-up so that you are ready for the holiday spending season – and anything else the year can throw at you! When it comes to cleaning up credit, there is no better time than now to […]

The Bank of Canada Hiked Rates Again And Isn’t Finished Yet The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 75 basis points today to 3.25% and signalled that the policy rate would rise further. The Bank is also continuing its policy of quantitative tightening (QT), reducing its […]

As expected, the Bank of Canada has raised its prime rate by 0.75%. What this means is that your monthly payments will increase by approx. $42 per $100,000 on your mortgage if you are on a variable rate mortgage. Here is the Bank of Canada statement. What this translates to is a prime rate held by most banks of 5.45%. As always, fixed-rate […]