Post-Holiday Debt Consolidation

General Angela Calla 11 Jan

The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year. If you happen to be someone currently struggling with some post-holiday debt, that’s okay! Whether you’ve accumulated multiple points of debt from credit cards or are dealing with other loans (such […]

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Alternative Lending

General Angela Calla 10 Jan

When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box of the big traditional institutions, you’ll find yourself in what’s commonly […]

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Economic Insights from Dr. Sherry Cooper

General Angela Calla 9 Jan

What a year this has been. In the face of red-hot inflation, the Bank of Canada raised its policy rate by a whopping 400 basis points to 4.25%. First to cool was the housing market, where buyers moved to the sidelines and mortgage rates surged. Home prices fell, especially in Toronto and Vancouver. The economy appears […]

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Holiday Party Tips

General Angela Calla 16 Dec

With the holidays just around the corner, many of us are already starting to fill up our social calendars and think about the coming month. To help make your holidays even more special, and ensure you have the best party on the block, I have some tips: Make a List: While you might not be […]

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Canadian Home Prices Fell For The Ninth Consecutive Month As Activity Slowed

General Angela Calla 15 Dec

Another Month, Another Dip In Housing Statistics released today by the Canadian Real Estate Association (CREA) show home sales edged down in November. National home sales fell 3.3% between October and November, continuing the moderating sales trend that began last February on the precipice of unprecedented monetary policy tightening. Sales are down a whopping 39% […]

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Notice of New Federal Legislation Prohibiting the Purchase of Residential Property by Non-Canadians

General Angela Calla 14 Dec

Purpose The purpose of this Advisory is to inform regulated entities of the federal government’s newly enacted Prohibition on the Purchase of Residential Property by Non-Canadians Act (“the Act”), which is set to come into force on January 1, 2023. Overview of Changes The Act prohibits individuals who are not Canadian citizens or permanent residents […]

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Bank of Canada hikes interest rates to 4.25%

General Angela Calla 12 Dec

Interest rates are headed up once again. The Bank of Canada announced it is hiking its trend-setting rate to 4.25 per cent — a rate that was just 0.25 per cent at the beginning of the year. As Emily Lazatin explains, this could have big impacts on any loans you may have. Check out our […]

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