Big mortgage rule changes
In a press release issued September 16, 2024, the Canadian government announced two major changes to mortgage rules, building on earlier reforms announced in the federal budget. Calling…
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5 ways to plug the money leaks!
The brisk back-to-work attitude of September makes it a great time to review your finances and particularly your spending. Whether you are saving to buy a home or…
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Breaking News: The Bank of Canada has just announced another quarter-point rate cut, bringing the key interest rate down to 4.25%
This marks the third consecutive cut as the central bank takes action in response to easing inflation. With inflation currently sitting at 2.5% as of July, the Bank…
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How bond yields impact fixed mortgage rates
In the ever-evolving landscape of mortgage financing, it’s crucial to understand how external financial factors can influence mortgage rates. One significant factor is the bond market, both in…
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Top five reasons to refinance
For many Canadians, their home is a terrific repository of wealth. Home equity can build nicely by chipping away at payments and through increasing home values. Accessing home…
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Smart debt management gives first-time homebuyers an edge
Although home debt is ‘smart’ debt, it’s a huge financial decision and there is a lot to think about, which can keep potential buyers up at night. That’s…
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