New Rules Impacting Home Equity Lines of Credit in Canada Effective October 31, 2023
Introduction Canada is set to implement new rules that will have a significant impact on Home Equity Lines of Credit (HELOCs) starting from October 31, 2023. These changes are being introduced to address concerns related to household debt and ensure the financial stability of Canadian homeowners. In this blog post, we will delve into the […]
Unlocking The Doors to Your Canmore, Alberta Dream Home: A Canmore Mortgage Broker Secret
Finding your dream home in Canmore is an exhilarating journey, but the path to homeownership can be complex. Fortunately, there are mortgage brokerage secrets that can help you unlock the doors to your dream home. In this blog post, we’ll reveal Canmore’s top mortgage brokerage secrets, empowering you with valuable insights to secure the perfect […]
Top 10 Tips for Getting the Best Mortgage Rate in Canada
Looking for the best mortgage rate in Canada? Follow these 10 tips to help you secure a competitive rate and save money on your home loan. From improving your credit score and making a larger down payment to choosing the right lender and considering government programs, these strategies can help you get the best deal possible. Start your journey to homeownership on the right foot by following these tips and securing a low mortgage rate.
4 Tips for Paying off Holiday Credit Card Debt
4 Tips for Paying off Credit Card Debt this Holiday Season The Holiday Season is a great time for gift giving. But also an easy way to rack up debt. We’ve all felt some pressure during the holidays to spend, and it can be easy to overspend without really noticing the bills piling up. […]
Today’s Bank of Canada Rate Hike
Today’s Rate Hike by the Bank of Canada So if you follow us on Tiktok you would have seen a recent video with my prediction on what the Bank of Canada was expected to do with their interest rate announcement today. I missed the mark by predicting a .75% rate increase, as did many economists and […]
How High Can Mortgage Rates Go?
How High Can Mortgage Rates Climb? It’s a question that everyone has been talking about lately. At the office around the water cooler, at the soccer games, and family bbq’s everyone has been asking how high can mortgage rates climb? Notice anything different at the grocery store? Maybe the gas station? How about where you […]
Everything you wanted to know about Property Taxes
Property Taxes Might Be A New Concept for You if You’re a First Time Home Buyer Budgeting for a home goes beyond simply paying your mortgage. In addition you’ll have monthly expenses. Some of them will be variable like heat, hydro, and water. But others are fixed, like your internet and property taxes. If you’ve […]
With Today’s Announcement, The Bank of Canada starts to make some changes
Today’s Rate Announcement Earlier today, the Bank of Canada made their most recent rate announcement. And the news they shared contained some clues as to what might be on the horizon for mortgage interest rates. The big news wasn’t that the overnight lending rate was not going to be increased (yay for variable rate mortgages) […]
