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 […]

  Though Fall has already started, there are a few things you can do still to ensure your home is well-prepared for the season: Examine Your Gutters: This time of year it is important to clean and inspect your gutters (replacing as needed) to ensure they are working properly as the rain and snow season hits. […]

    The Bank of Canada today held its target for the overnight rate at 5%, as was widely expected. The central bank continues to normalize its balance sheet through quantitative tightening, reducing its Government of Canada bonds holdings. The Monetary Policy Report (MPR) detailed a slowdown in global economic growth “as past increases in policy […]

      In September, the Bank of Canada opted to maintain its policy rate at 5%.  The recent rate hikes over the spring and summer had already begun influencing the housing market.  Let’s take a closer look at the current scenario, what’s on the horizon, and how to navigate property purchases. Current Market Conditions: […]

    Has this ever happened to you?  You’re buying property or refinancing, you have paid for a lender appraisal but you can’t have a copy of it.  Not being able to read a report you paid for is odd on the face of it, especially if you paid for the service in relation to […]

  Start your teen off right and help them prepare for as smooth a financial road ahead as possible. Needs vs. Wants Tweens and teens need to learn to differentiate between needs and wants and to prioritize how they spend their money.  Value and cost are two more important concepts they need to understand.  A […]