Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global economy is slowing and growth is forecast to moderate […]
So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there’s this thing called capital gains that might show up on your tax return. Here’s a friendly chat about what you need to know, in simple terms. 1. What’s Up with
If you’re on the cusp of getting a mortgage, or if you’re considering refinancing, you’ve likely encountered the terms “fixed rate” and “variable rate” mortgage. These are the two primary pathways in the mortgage landscape, and choosing between them can feel like standing at a crossroads. Let’s unpack these options together, so you can stride
The Canadian Mortgage Charter spells out the rights consumers have when they are renegotiating mortgages. It calls on financial institutions to provide better relief measures over the next three years to Canadians buckling under a wave of renewals at much higher rates. The federal government has not budgeted any money for the mortgage charter and
In recent years, we’ve witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn’t just about swapping office desks for dining tables; it’s profoundly impacting where we choose to live and our mortgage and real estate decisions. In this post, let’s explore this
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global economy continues to slow and inflation has eased further. In the United States, growth has been stronger than
Managing a mortgage is a journey that requires careful navigation. Mortgage brokers understand the challenges and uncertainties homeowners face when it comes to their mortgage payments. Today’s economic climate can be unpredictable, but with the right strategies, you can manage your mortgage effectively and even turn this responsibility into a rewarding part of your financial
Introduction In today’s economic landscape, we’re seeing a trend that can be quite intimidating for anyone looking to step into the world of home ownership – high interest rates. But fear not! This blog is here to guide you through these choppy waters with practical and actionable strategies. Whether you’re a first-time buyer or just
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth continues to slow, with inflation easing gradually across most economies. While growth in the United States has
