There’s some important news for anyone with a mortgage or considering getting one! The Bank of Canada has just reduced its key lending rate by 0.25%, moving the overnight rate down to 4.25%. This is part of an ongoing effort to manage economic growth and inflation, marking the third consecutive […]
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I’m excited to share some great news that came out of the Bank of Canada today! The Bank has reduced its key overnight rate to 4.50%, a move that’s aimed at bolstering the economy—which means some potentially great benefits for your wallet, especially if you have a variable-rate mortgage or […]
In a notable development amidst fluctuating global economic conditions, the Bank of Canada has reduced the prime lending rate by .25%, signaling a shift towards less restrictive monetary policy. This adjustment, paired with ongoing balance sheet normalization, is poised to influence both current and prospective homeowners significantly. Current Economic Overview:As […]
The financial horizon just received an important update from the Bank of Canada, and it’s crucial to understand what this means for your financial journey and home ownership dreams. Interest Rates: A Steady Course In a significant move, the Bank of Canada has decided to keep the overnight rate steady […]
The financial landscape just got a fresh update from the Bank of Canada, and it’s time to dissect what this means for your wallet and home. Interest Rates: Holding SteadyThe Bank of Canada has made the call to keep the overnight rate anchored at 5%. Alongside this decision, the Bank […]
When considering a mortgage, one of the biggest decisions you will make is whether to go for a fixed or variable rate. A variable rate mortgage can offer flexibility and potentially lower interest rates, but also carries the risk of interest rate increases. You may think in today’s times with […]
Interest rates have risen considerably – we all know this. None of us knows where they go from here, but what should you do with your mortgage, especially if it is coming up for renewal? Most experts are recommending the five-year variable-rate mortgage or the 2- or 3-year fixed rate […]
The Bank of Canada held rates steady at 5% with today’s announcement, meaning there will be no change to lender’s prime rates. Watch the video below for more information: Today’s rate hold was fueled by last week’s weaker-than-expected GDP data, a decline in housing activity, as well as the impact […]
School supplies, clothing and other necessary items should involve careful budgeting and comparison shopping. Here are some top tips on how to save money this year as we also navigate higher interest rates, and higher living expenses. Understand the difference between a need and a want Some schools send lists […]
Debt is a financial tool that allows individuals and businesses to borrow money to achieve their financial goals. However, not all debt is created equal. Some debt can be considered “good debt,” while other debt is known as “bad debt.” Understanding the difference between the two can help you make […]
