Jenny + Suzanne Blog

What is a Second Mortgage?

If you're not all that familiar with the ins and outs of mortgage financing, the term "second mortgage" might cause a bit of confusion. Many people incorrectly assume that a second mortgage is arranged when your first term is up for renewal or when you sell your first home. They think that the next mortgage you get is your "second mortgage." This is not the case. [read more]

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Top 5: Self Checklist “Is This The Home For Me”?

So, you’ve decided you’d rather pay off a monthly mortgage than farewelling rent payments to your landlord. You’ve found out your family is expanding and you’re in need of a little extra space to move and grow. You’ve decided you’d like to invest in a little vacay property to escape to for the weekends. Whatever your reason for buying a home, there are always going to be considerations you should ask yourself to find out “is this the right home for me”? [read more]

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Bank of Canada Rate Announcement Apr 13th 2022

The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%. The Bank is also ending reinvestment and will begin quantitative tightening (QT), effective April 25. Maturing Government of Canada bonds on the Bank’s balance sheet will no longer be replaced and, as a result, the size of the balance sheet will decline over time. [read more]

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