Three Summer Tips

Three Summer Tips

Your home is likely your most valuable asset and may be the solution to your financial problems. Are you caught on the ‘never-never plan’? Making minimum payments on credit card debt? Achieve financial wellbeing by consolidating your debt at manageable rates. Cut up...
Sold a Home? Know Your Tax Obligations

Sold a Home? Know Your Tax Obligations

Q: We recently sold a home, is there any tax obligations we need to know at this time of year? A: When you sell your own home (or principal residence) you usually don’t have to pay tax on any profit from the sale. But what you might not know is that even if you are...
Firm or conditional offer: what’s right for you?

Firm or conditional offer: what’s right for you?

Q: We are house hunting this spring and conventional wisdom tells us we should make our offer to purchase a home conditional upon certain terms – that the home pass a home inspection within five business days of the offer, for example. But what about in a competitive...
How Can I Pay Off My Mortgage Faster?

How Can I Pay Off My Mortgage Faster?

Question: I have been coasting along with my mortgage payments, and now I want to kick it into high gear. If I am looking to get a new mortgage or renew the one I have, what kind of research should I do to make sure I can pay off my mortgage faster? Shop around – and...
Tempered Rate Hike Forecasts for 2019

Tempered Rate Hike Forecasts for 2019

Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now. The central bank adopted a more dovish stance at last month’s rate hold announcement, which...
How To Get a Mortgage After Bankruptcy

How To Get a Mortgage After Bankruptcy

Q: How hard is it to obtain a mortgage after filing for bankruptcy? A: If you’re one of the more than 100,000 Canadians who file for bankruptcy every year, you know how hard it can be to access any sort of loan, let alone qualify for a mortgage. But filing for...

Important News

Effective July 22, The Bank of Canada has lowered the benchmark rate used to qualify your mortgage from 5.34% to 5.19%. This means you can qualify for a larger mortgage.

need more advice?