“New Year, new you” may be a cliché, but a new year really can get us thinking about where we are now and where we want to go. When it comes to your personal goals, a review of your finances and estate might be close to the top of your list. A little advance […]

    Given it’s a leap year, the deadline to contribute to your Registered Retirement Savings Plan (RSP) for 2023 is technically extended by one day as the deadline lands on February 29th, 2024.  For those who have both a mortgage and who contribute to Registered Retirement Savings Plans (RSPs), the two combined offer a […]

  The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian economy, with inflation falling to 2.5% by the end of this year. While some economists predict a recession, […]

      Many Canadians consider downsizing during their retirement years. Once their children have left the nest, the choice seems obvious: relocate to a smaller residence or a more affordable town and capitalize on the price difference. For many retirees, the funds from the sale of their home can significantly impact their overall lifestyle […]

  We Canadians are no strangers to the chill of the winter season. Double-checking your list of home-winterizing to-do’s could help you save on bills, prevent future repair costs, and be more comfortable all winter long.  Here are eight items to keep on that cold-weather list to button up each winter: 1) Inspect Your Fireplace: […]

  The end of your mortgage term brings opportunities you might not be aware of.  Yes, signing to renew your mortgage with your existing lender is easy, typically requiring just a signature.   And applying to switch your mortgage does entail 1) completing a new mortgage application and 2) providing all the required documents to verify […]

  It was widely expected that the Bank of Canada would maintain its key policy rate at 5% for the third consecutive time. It will continue to sell government securities (quantitative tightening) to normalize its balance sheet. Market participants weighed and measured each word of the BoC press release and assessed that the Bank took […]

The current economic landscape can be challenging for young Canadians to navigate as they face great uncertainty with heightened interest rates and inflation. It can be frustrating as they are just starting to build their career, considering buying a home or starting a family. If you are a parent, you may be thinking about how […]

  Today’s inflation report showed a continued improvement, mainly due to falling year-over-year (y/y) gasoline prices. The October Consumer Price Index (CPI) rose 3.1% y/y, down from the 3.8% rise in September. There were no surprises here, so markets moved little on the news. Excluding gasoline, the CPI rose 3.6% in October, compared to 3.7% […]

  Your mortgage renewal is an opportunity to optimize long term interest savings and address current cash flow.  Some of the items to explore as you evaluate your options include: Fixed vs. Variable Rates: Assessing your risk tolerance: Fixed rates can provide stability, while variable rates fluctuate. However, fixed rates can come with their own […]