Blogs

Mar 03, 2022

The bank of Canada Hikes Key Interest Rate

Increasing interest rate

Announcement, March 2nd, 2022

On March 2nd, The Bank of Canada announced the increasing interest rates . This marks the first major change in almost 2 years. The rate increased from 0.25% - 0.50% which The Bank of Canada had indicated back in January 2022. Ultimately, the rate hike affects the rates that Canadian consumers get on things like mortgages, line of credit, and savings accounts.

Feb 01, 2022

Rate Hikes 2022

How rate hikes are determined

Fixed rate mortgages & Variable rate mortgages

Fixed rate:

Interest rates on fixed rate mortgages are affected by the Government of Canada's bond yields which included RSP contributions, investments etc.

Jan 01, 2022

Replacing Habits This New Year

Replacing habits This new year.

Make those simple changes that make a huge impact on your daily life both physically and mentally.

Dec 01, 2021

Variable and Fixed Rate Mortgages

Fixed Rate Mortgage:

A fixed rate mortgage offers you security in locking in your interest rate for the term of your mortgage. This means that payments are set at the start of the terms allowing you to know exactly how much your payments will be throughout.

Nov 01, 2021

How to Winterize Your Home

While getting ready for the winter, here are 10 tips on how to winterize your home:

1. Inspect your home for leaks and cracks, you will usually find these on window sills, concrete foundation, older windows, latches, locks.

2. Drain your water pipes so they do not freeze, drain...

Oct 01, 2021

Housing Market Post Election

Now that the election is over…

Do you have questions on how this may affect your mortgage or if it even will affect you? Please do not hesitate to give me a call to discuss any questions or concerns you may have, I am more then happy to answer any questions!

Rates are historically down...

Sep 01, 2021

National Home Sales

National home sales:

In Canada, the sale of homes demonstrated a decrease between June and July of this year, 2021. Since March, home sales have been on the decline. While the market still being active, home sales decreased month after month, in July they decreased 3.5% which marks the smallest of four consecutive declines since the month

Aug 06, 2021

Health and Happiness: The Societal Benefits of Homeownership

There are many financial benefits of homeownership such as; building equity, having control over expenses, long term savings, etc. Often, societal benefits are less recognizable, such as the happiness of others, health benefits, and engagement in society.

Non-Financial Benefits of Owning a Home...

Jun 15, 2021

What is Bridge Financing?

Bridge financing is a product we use when you are buying a new home before your old home sells/closes. In this competitive market, it is hard to have conditions in place when purchasing your new home.

Why would you need a bridge loan? Simply put, so you can access the equity from your old home to purchase your new home.

May 31, 2021

Mortgage Basics you should know but maybe afraid to ask.

The first time I took a mortgage, I really felt out of my element. I wasn’t even sure what questions I should be asking. I realized in my 5 years a lot of things can change, you may want to buy a bigger home, relocate to a different city, change neighborhoods, your dream home may come on the market.