Yes, the Bank of Canada held its rate today (Mar 10, 2021). We are in recovery mode from the COVID pandemic with some “unevenness across regions and sectors.” Here are a few key points from today’s announcement: The US economic recovery appears to be gaining momentum as virus infections decline […]
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Is it the Spring? Is it the Fall? Is it this year? Is it next? There’s no magic time. The safe answer: The right time to buy is when you can afford it. Home ownership can be fantastic but it can also be stressful if you’re not financially ready for […]
Often times, we want to go after the lowest mortgage rate. The rate is only one piece of the mortgage package. There is more to the terms of a mortgage than just the rate. Questions that you should consider include: What is the difference between term and amortization? Are terms […]
My credit score is low so I will never qualify for a mortgage? – Fact or Fiction? You just may qualify for a mortgage even if your credit score is low. Rates and terms are typically more restricted with a lower credit score, but with some good budgeting, you can […]
As expected, the Bank of Canada held its rate today at a 1/4 percent. There is some positive outlook as the COVID-19 vaccine begins a rollout; however, the extent of the pandemic globally is still a major concern for recovery. Here are a few highlights taken from the announcement: The […]
This year, I encourage you not to set any resolutions. Yes, that is exactly what I said, do not set any resolutions. Let me explain. We all know we start the year and our resolutions with great intention; however, a large percentage of us will fall off the wagon. So […]
I like to review all the payment options for mortgage plans because they each have their benefits and it’s important to choose the plan that works best for you. When it comes to accelerated vs. regular (non-accelerated), it’s fair to say that accelerated will save you money in the long […]
It’s not easy to save money – that is the honest truth. And it certainly isn’t easy to save in big amounts. But it doesn’t mean we can’t make an effort to save small amounts in our daily routines. Here are 3 ways to put some dollars back into your […]
We have some very competitive and exceptional interest rates right now. For a new applicant, it’s a great time to shop around. If you already have a mortgage, we need to balance out the penalties to switch your mortgage in order to determine if it’s worthwhile in the long run. […]
