8 Refinance Tips That Will Save You Time and Money
If you’re a homeowner in Ontario or anywhere else, chances are you’ve taken out a mortgage to secure your dream home. Mortgages come with interest rates that can significantly impact the overall cost of homeownership. That’s where refinancing your mortgage becomes a powerful tool to save both time and money. In this comprehensive guide, we’ll […]
When Should You Consider Refinancing Your Mortgage?
Refinancing is a financial strategy that can yield significant benefits, but understanding when to embark on this journey is crucial. In this comprehensive guide, we’ll explore key indicators and considerations and delve into the intricacies of refinancing mortgages in Ontario. Interest Rates Interest rates play a pivotal role in the decision to refinance. Consider refinancing […]
Investment Properties: What You Need to Know
Getting into real estate can make you a lot of money, especially when looking at investment properties. It doesn’t matter if you’re a pro or just getting started; it’s super important to get what investment property mortgages are about so you can make smart choices. In this guide, we’ll explore the essentials of investment property […]
Hawkish Hold By The Bank of Canada
The Bank of Canada today held its target for the overnight rate at 5%, as was widely expected. The central bank continues to normalize its balance sheet through quantitative tightening, reducing its Government of Canada bonds holdings. The Monetary Policy Report (MPR) detailed a slowdown in global economic growth “as past increases in policy rates […]
Planning to buy your first home in Canada?
The Canadian government has recently launched an incentive to assist with the down payment of your first home.
A tax-free registered account to help first-home buyers
From April 1, 2023, as a first-home buyer in Canada you are eligible to register for a tax-free First Home Savings Account (FHSA).
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening.
Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening. Global inflation remains high and broad-based. Inflation is coming down in many countries, largely reflecting lower energy prices as […]
Should You Spend the Full Mortgage Amount You’re Approved For?
Before you start shopping for a new home, you’ll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget.
The Pros and Cons of Fixed vs. Variable Mortgages
When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we’ll take a look at the pros and cons of each type to help you make an informed decision.