Rate Update: What’s Really Going On
The Bank of Canada held its policy rate steady at 2.75%, catching many by surprise. Economists had been predicting a few more cuts this year, […]
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Mortgage Penalties
One of the most misunderstood parts of having a mortgage is how mortgage penalties work, especially if you didn’t work with a mortgage broker. And […]
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Mortgage Rates, Tariffs & World Economies
Do you have a variable-rate mortgage or a home equity line of credit? The Bank of Canada has announced a rate cut—its key interest rate […]
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Variable or Fixed Rate Mortgage?
As expected, the Bank of Canada has lowered its benchmark interest rate to 4.25%. Now, the prime lending rate is 6.45%. With rates decreasing, my […]
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Mortgage Rates Are Going Down
The Bank of Canada once again lowered its key interest rate to 4.25% to help with economic challenges and support homeowners and buyers. The prime […]
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Annual Property Taxes
Municipalities in Alberta distribute property tax notices in late May every year and ask property owners to pay their taxes in full by the due […]
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Buy a Home With a 2% Down Payment
Discover the possibility of buying a home with a 2% down payment! Let’s uncover the secret of cashback mortgages and how they can benefit you. Some […]
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Updated Mortgage Rules for First-Time Home Buyers
Get ready, first-time home buyers, because the government is shaking things up with some positive changes to mortgage rules! Starting August 1, 2024, you can […]
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New Tax Reporting Rules for Properties
CRA has made a few changes to how it wants you to file property-related expenses. Most Canadians must file their tax returns by April 30, […]
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Bank of Canada Rate Announcement: March 6, 2024
Today’s Bank of Canada announcement gives us a bit of a breather. The overnight target rate didn’t budge, hanging tight at 5.00%. This keeps the […]
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