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If you’re reading this while sitting in the lineup at Costco gas… you’re not alone 😅 And you’ve probably noticed — it’s creeping up again. Here’s why that actually matters for your mortgage: When gas prices go up, it pushes the cost of everything up — groceries, shipping, just life in general. That’s what drives inflation . Now here’s where it connects: When inflation stays higher than expected, the Bank of Canada usually holds off on cutting rates .That impacts variable rates , because...

Saving for a down payment is a huge accomplishment — but before you make an offer, it’s important to factor in closing costs so there are no surprises at the finish line. A good rule of thumb is to budget 1.5–2% of your purchase price for closing costs, regardless of how much your home costs. These fees cover everything involved in legally transferring ownership and finalizing your mortgage. Here’s what that typically includes in Newfoundland: 1. Legal Fees & Disbursements Your lawyer will...

Not all help is equal. When you’re struggling with debt, it can be hard to know which path will help you move forward fastest. In Canada, the two most common options people consider are bankruptcy and a credit proposal — but they’re not created equal, especially if you plan to qualify for a mortgage in the future.. Let’s break it down. Bankruptcy typically lasts around 10 months . During that time, you’ll make minimal payments to your trustee, and once it’s discharged, you can start...