THE INTEREST-ONLY MORTGAGE
November 18th, 2020
This week Sabeena discusses the advantages and benefits of utilizing an interest only mortgage and possible uses for the resulting cash flow. [read more]
Under Finance
ACCESS YOUR HOME EQUITY
November 12th, 2020
Sabeena has a great article on accessing your home equity. Our homes are our greatest investments and over time we are able to build equity while providing ourselves a place to live too! Read on... [read more]
HOW TO ESTABLISH NEW CREDIT
November 4th, 2020
If you’re new to managing personal finance and you’re learning about credit, you’ve come to the right place. Establishing new credit is a bit of a catch 22. To build a credit history, you need credit. But you can’t really get credit without having credit. So, where do you start? [read more]
BANK OF CANADA RATE ANNOUNCEMENT OCT 28TH, 2020
October 28th, 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. [read more]
WHAT WILL MORTGAGE FINANCING LOOK LIKE IN 2021?
October 21st, 2020
There is no doubt that 2020 was one for the books. It will be remembered as a year like no other. COVID-19 has caused significant national economic disruption, to say [read more]
SEPARATING AND HAVE A MORTGAGE? START HERE.
October 14th, 2020
With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. [read more]
WILL A TEMPORARY LOSS OF INCOME IMPACT YOUR MORTGAGE POST-COVID-19?
October 7th, 2020
If you earn variable income, and you’ve seen a reduction in income because of the pandemic, this has the potential to impact how much mortgage you qualify for up to the next three years. [read more]
AS SIMPLE AS PORTING YOUR MORTGAGE!
September 30th, 2020
As simple as porting your mortgage! Said by no one ever. The truth is, there is nothing simple about porting your mortgage. [read more]
BCREA Economics Quarterly Mortgage Rate Forecast
September 24th, 2020
The average Canadian 5-year fixed rate has fallen to under 2 per cent, the result of a rapid and overwhelming policy response from the Bank of Canada to the COVID-19 pandemic. [read more]
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