How Job Loss Affects Your Mortgage Application. Whether you’ve made an offer on a home already or are still in the process of looking, you already understand that buying a home is likely the largest investment you’ll ever make. When it comes to your mortgage application, there are a few things that you should avoid […]

The Two Most Costly Words in Personal Finance. Most of us have experienced how YOLO (You Only Live Once) is the one word that often leads to a pile of unpaid credit card bills and more than a few regrets down the road. However, YOLO has a contender for the world’s most expensive word, and […]

Second Mortgages: What You Need to Know. One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. What is a second mortgage? First […]

In an Aggressive Move, the BoC Hikes the Policy Rate by 25 BPs. Holy Smokes, The Bank of Canada Means Business If there were any doubt that the Bank of Canada wanted inflation to fall to 2%, it would be obliterated today. In a relatively surprising move, the Bank hiked the overnight policy rate by […]

Self-Employed and Seeking a Mortgage. Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In order to obtain […]

Change of Address Checklist. So, you’re moving! Before you hunker down in your new home, there are a few things you will want to take care of regarding your new address. Personal Contacts First and foremost, if you haven’t yet, make sure to tell all your personal contacts about your address change, including: Relatives Friends […]

Bank of Canada raises policy rate by 25 bps to 4.5%. No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A Pause As expected, the Bank of Canada–satisfied with the sharp decline in recent inflation pressure–raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to […]

Canadian Home Prices Fell For the Ninth Consecutive Month As Activity Slowed. 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 […]

Understanding Insurance. Not all insurance products are created equal. One of the most common mistakes homeowners and potential homeowners make is that they hear the word “insurance” and just assume they have it! Well, you might have one kind of insurance, but you might be missing coverage elsewhere. It is important to understand all the […]

Bank of Canada hiked overnight rate by 75 bps to 3.25% with more to come. The Bank of Canada Hiked Rates Again And Isn’t Finished Yet The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 75 basis points today to 3.25% and signalled that the policy rate […]