On October 30, 2019, the Bank of Canada made a new interest rate announcement. Economists expected the Bank to keep the benchmark rate of 1.75% unchanged [1]. this happened so the mortgage rates should remain mostly unchanged as we go into the typically slower winter...
Southern Ontario is a beautiful place to be able to call home. Many regard Toronto as a prestigious and world-class city. The Niagara region is home to some of the best wines in the world. Of course, Niagara Falls is one of the seven wonders of the world. The area is...
The first-time homebuyers’ incentive was an initiative introduced by the Trudeau government to try and make homeownership more affordable for all Canadians. We have covered all the nuanced details in our initial post on the first-time homebuyers’ incentive...
The Canadian government offers many incentives for citizens, residents, and workers to become homeowners. Some of these programs involve relaxing credit requirements for newcomers to Canada. Others, like the first-time homebuyers incentive, are effectively cash...
If you’re like most Canadians, you have some form of unsecured debt. Personal loans and credit card debt account for a large portion of debt within Canadian households. For every Canadian credit card that carries a balance, the average amount is $8,600 [1]. At...
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