Is now a good time to refinance your mortgage? Well, maybe! Interest rates are very low right now, and according to the bank of Canada, they will most likely remain low until at least 2023.

As the March 1st, 2021 RRSP deadline approaches for the 2020 tax season, if you have money saved for a downpayment but you’re not quite ready to buy a home, here’s a little strategy that might interest you. Did you know that you can use the money saved in an RRSP as a downpayment?

If you’re looking to save money for a downpayment; or to save money for anything really, it all starts with clarity. First, you want to get clarity around your income, then clarity around your expenses, and then you need a plan.

The beginning of a new year is an ideal time to review your finances. Hopefully, with the wild ride of 2020 behind us, 2021 is a time we can all move forward. Regardless of where you’re at financially or your financial goals, here are four areas to consider as you take control of your finances in 2021.

With the latest stats claiming that about half of marriages end in divorce and with around three-quarters of Canadians being homeowners, it’s important to know how to handle your mortgage if you decide to separate. Here’s a quick list of things to consider.

If you've been a homeowner for many years, chances are, your property value has increased significantly. One advantage of homeownership is the opportunity to build equity.

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program.

If you’re new to managing personal finance and you’re learning about credit, you’ve come to the right place. Establishing new credit is a bit of a catch 22. To build a credit history, you need credit. But you can’t really get credit without having credit. So, where do you start?

There is no doubt that 2020 was one for the books. It will be remembered as a year like no other. COVID-19 has caused significant national economic disruption, to say the least.

While unemployment peaked over 13% at the onset, it’s hard to quantify just how many Canadians had some form of a reduction in their income over the last year.

The Bank of Canada today maintained 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.

If you’re looking to buy a new property, refinance, or renew an existing mortgage, chances are, you’re considering either a fixed or variable rate mortgage. Figuring out which one is the best is entirely up to you! So here’s some information to help you along the way.

If you’re relatively new to the world of mortgage financing, the term “second mortgage” might cause a bit of confusion; especially if you’re a first-time homebuyer buying your first home.

Chances are if you’ve been paying attention to the news as the Canadian economy continues to work through the COVID-19 pandemic, you’ve heard that interest rates are at an all-time low.

Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing.

COVID-19 is wreaking havoc on retirement investments, particularly for those who rely on dividends as part of their income. Over the past decade, many older Canadians have taken a riskier approach with retirement investments because of low bond yields and interest rates caused by the financial crisis in 2008.

If COVID-19 has negatively impacted your finances and you’re currently deferring your mortgage payments, you should know that this will be visible on your credit report.

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing.

It’s safe to say that things have (mostly) calmed down in the mortgage world since the beginning of COVID-19. The rush of mortgage deferral applications appears to be behind us. So if you’re looking for a new mortgage, right now is an excellent time to get things going!

Although the volume of news over the last month has been pretty tame in comparison to when COVID-19 initially hit, there has still been a lot going on. If you find yourself wondering about the current state of affairs as it relates to real estate, mortgage financing, and the recovery of our economy mid and post-pandemic, you’ve come to the right place!