Mortgage Blog

Category: Financing (18 posts)

Do you need a Personalized Paydown Plan for your holiday bills?

January 28, 2025 | Posted by: Brenda McLeod

Most Canadians suffer with their highest personal debt load in January, when the "holiday hit" arrives and your credit card statements let you know just how much the festive season cost you. It's espe ...

Understanding Capital Gains in Canada

November 11, 2024 | Posted by: Brenda McLeod

What Are Capital Gains? Capital gains refer to the profit you earn when you sell a capital asset-such as property or investments-for more than its original purchase price. For example, if you bough ...

7 Financial Tips for People Looking to Buy an Investment Property in Canada

July 19, 2024 | Posted by: Brenda McLeod

Investing in real estate can be a powerful way to build wealth, but it's essential to approach it with a well-thought-out strategy. Here are seven financial tips to help you purchase an investment pro ...

Tips for Improving Your Credit Score Before Applying for a Mortgage

November 1, 2023 | Posted by: Brenda McLeod

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 ...

Bank Of Canada Rate Update June 7, 2023

June 7, 2023 | Posted by: Brenda McLeod

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the ...

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

November 21, 2022 | Posted by: Brenda McLeod

It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...

Budgeting for Inflation

August 3, 2022 | Posted by: Brenda McLeod

Budgeting for Inflation If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of cons ...

Spring Clean Your Finances

April 8, 2022 | Posted by: Brenda McLeod

Spring Clean Your Finances Spring finally arrived after a long winter, and with inflation and the rising cost of living on everyone's mind, there's never been a better time to do a little spring clea ...

Six Tips For Financial Fitness This Fall

September 8, 2021 | Posted by: Brenda McLeod

It's September and there is some optimism that we may be moving towards the end of life in a global pandemic. The Fall has had always been a great time to go back to school on financial fitness, and ...

What are credit scores and how are they important?

September 1, 2021 | Posted by: Brenda McLeod

A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...

2021 Mortgage Stress Test - Latest Updates

April 21, 2021 | Posted by: Brenda McLeod

On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

April 21, 2021 | Posted by: Brenda McLeod

Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...