On March 12, 2025, the Bank of Canada reduced its benchmark interest rate by 0.25%, bringing it down to 2.75%. This decision has led many...

The recent imposition of 25% tariffs by the U.S. on Canadian imports, effective February 4, 2025, has significant implications for...

Selling your home and purchasing another is a major life event that requires careful planning and strategic decision-making. Here are the...

Key Economic Data: Durable Goods: These are big items like cars and appliances that last a long time. GDP: Gross Domestic Product, which...

When shopping for a mortgage, many people focus solely on finding the lowest interest rate. While the rate is important, it's not the...

Variable-Rate Mortgages and Fixed-Rate Mortgages Variable-Rate Mortgages: These mortgages change whenever the Bank of Canada changes its...

In the Canadian mortgage landscape, front-line employees—such as healthcare workers, firefighters, police officers, and educators—are...

Banks that expect customers to fetch lower mortgage rate offers from competitors at renewal time are missing a crucial aspect of customer...

Non-residents looking to purchase a home in Canada with mortgage financing can do so, but there are some additional considerations and...

If you're 50 or older, it's not too late to buy a home. Here are a few reasons why: Financial Stability: By 50, you're likely more...

Prospective home buyers, here's how to budget smartly to make your dream home a reality: 1. Assess Your Finances: Start by understanding...

Managing your finances effectively, paying down credit card debt, and saving for a downpayment can seem challenging, but it's achievable...

When purchasing a home in Canada, it's crucial to know the acceptable sources of downpayment to ensure a smooth mortgage application...

When struggling with debt, it's essential to understand the differences between credit counselling and bank consolidation loans, as...

When your mortgage term is nearing its end, it's time for renewal, and this is where your mortgage broker becomes your financial...

1. Monthly mortgage payment Your mortgage payment is withdrawn from your bank account on the same day of every month (i.e. on the 1st)....

As a newcomer to Canada, achieving your dream of homeownership is within reach, and a mortgage broker can be your trusted guide. Here's...

AKA "What Lenders Expect from Aspiring Home Buyers" Embarking on your journey to homeownership? Exciting times! But hold on to your hats...

Planning for retirement can be both exciting and challenging, especially if you're considering downsizing your home. More often retirees...

A Home Equity Line of Credit (HELOC) can be a valuable financial tool for individuals who are getting ready to retire. Here are some ways...