Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.5%. The Bank is also continuing its policy of quantitative tightening. Inflation in many countries is easing in the face of […]

As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can ensure that you are prepared to make a smart, informed decision. One of the first things you need to consider when budgeting

Those of us who desire to own a home often long for the time when our mortgage is paid off. Although the majority of Canadian mortgages are usually amortized over the course of 25 years, there are a few methods to expedite the repayment process you cna look at. *It is possible that certain mortgage

A home for most all Canadians is likely the most significant purchase you will make in your lifetime, so it is essential to be well-prepared. It is crucial to understand how to budget and save for a home, as it is one of the initial steps toward purchasing your own property. Whether you aspire to

The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Global inflation is easing, with lower energy prices and a decline in goods price inflation. However, robust demand and

Introduction In Canada, your credit score plays a crucial role in your financial life, especially when it comes to major transactions like securing a mortgage. A credit score is a numerical representation of your creditworthiness, showing how responsible you are in repaying borrowed money. Lenders, including banks and mortgage providers, heavily rely on credit scores

Introduction As your trusted mortgage broker, I understand that the current economic backdrop in Canada is presenting challenges for many homeowners. With interest rates on the rise and inflation putting pressure on household budgets, it’s essential to address these concerns and equip our mortgage clients with the knowledge and strategies to weather these economic conditions.

Refinancing a mortgage means replacing your existing loan with a new one, either with your current lender or a different one. Canadians often consider refinancing for various reasons, such as consolidating debts, financing home improvements, or securing a lower interest rate. However, refinancing carries certain risks and can lead to substantial prepayment penalties. Understanding when

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Inflation in advanced economies has continued to come down, but with measures of core inflation still elevated, major central

Can New Home Buyers in Canada Use a Mortgage Co-Signer? Struggling to secure a mortgage or need a financial boost? Consider bringing in a co-signer. Dive deeper into this and other home-buying tactics. Understanding Down Payments in Canada The down payment, the upfront amount paid when acquiring a property, plays a pivotal role in a