Bank of Canada maintains policy rate, continues quantitative tightening
December 6, 2023 | Posted by: Barbara Chong
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The ... [read more]
Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape
December 3, 2023 | Posted by: Barbara Chong
In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin ... [read more]
Canada's New Updated Mortgage Charter
November 23, 2023 | Posted by: Barbara Chong
The Canadian Mortgage Charter spells out the rights consumers have when they are renegotiating mortgages. It calls on financial institutions to provide better relief measures over the next three y ... [read more]
Understanding Fixed vs. Variable Rate Mortgages
November 15, 2023 | Posted by: Barbara Chong
If you're on the cusp of getting a mortgage, or if you're considering refinancing, you've likely encountered the terms "fixed rate" and "variable rate" mortgage. These are the two primary pathways i ... [read more]
Home Equity: Refinancing or Second Mortgage
November 9, 2023 | Posted by: Barbara Chong
Home Equity: Refinancing or Second Mortgage Considering the 2023 housing market's dynamics, with its high interest rates and market unpredictability, let's discuss the significance of home equity. ... [read more]
6 things to know about capital gains and taxes for people across Canada
November 2, 2023 | Posted by: Barbara Chong
So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there's this thing called capital gains that might show ... [read more]
Tips for Improving Your Credit Score Before Applying for a Mortgage
November 1, 2023 | Posted by: Barbara Chong
Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage is ... [read more]
Bank Of Canada Rate Update October 25, 2023
October 25, 2023 | Posted by: Barbara Chong
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5% ... [read more]
Mortgage Strategies in a Rising Interest Rate Environment
October 24, 2023 | Posted by: Barbara Chong
Hello dear readers, Let's have a coffee chat, shall we? If we were sitting in a cozy café, sipping on lattes (or your beverage of choice), today's hot topic of conversation would undoubtedly revol ... [read more]
Leveraging Your Home Equity to Help Purchase a Home For Your Children: A Prudent Move?
October 6, 2023 | Posted by: Barbara Chong
Navigating Parental Assistance in Home Purchases The concept of parents aiding their children in stepping onto the property ladder is not a new one yet it is not ubiquitously adopted. A 2021 ... [read more]
