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If you’re looking to buy a home, the current real estate environment can be very daunting.Between the pandemic, rising inflation, and the housing crisis, becoming a homeowner seemsmore unattainable than ever. In this article, you will find an overview of…

Many Canadians dream of retirement, no work and more freedom. Picking the right place for retirement is an important decision and in an ideal situation, it’s a decision that you’ll need to consider long before stopping work. When it comes…

Key Highlights Myth BUSTED. The idea that you need 20% for a down payment is a total misconception. You could pay as low as 5% (and sometimes less!) on your down payment.  There is no such thing as a “perfect”…

Many borrowers have recently opted for a short-term mortgage versus the ever-popular 5-year fixed rate mortgage. This blog post explores the reasons behind this shift and if it is suitable for everyone. Picking a short-term has its risk factors, pros and…

Key Highlights Understanding how mortgages work is essential in the process of purchasing a property. As we’re going to see, all mortgages are composed of 4 elements: principal, interest, taxes, and insurance.  As the lender gives you the money to purchase…

Key Highlights The Bank of Canada’s October interest rate hike intends to curb out-of-control inflation but it doesn’t seem to be affecting inflation rates yet.  Canadians living in large metropolitan cities will see higher rates of inflation overall. The highest…

Key Highlights  Rate increases take up to a year to fully impact the economy Inflation can be persistent if rates are not increased Shorter-term fixed rates good option if borrowers believe that BoC has been effective in its fight to…