Refinancing your mortgage can be an excellent source of financing to consolidate debt, complete a home renovation or to send your children to post-secondary education. In Canada, you can refinance your mortgage up to a loan-to-value ratio … Read More
Canadians are carrying record amounts of debt. The household debt-to-income ratio rose to a record high of 174% in the second quarter of 2019, according to Statistics Canada. At the same time, Canadian households owed more … Read More
When you bought your first home, it was so exciting. When you got the keys and opened the door for the first time, it was like opening the door to your own private kingdom. But as … Read More
The Bank of Canada announced Wednesday it is maintaining the target for the overnight rate at 1.75%. The Bank noted trade conflicts and concerns around the energy sector as reasons for maintaining its policy. “As expected, … Read More
Renewing a mortgage this year might be a little scarier than in years past, due to recent mortgage rule changes, but don’t sweat it. Despite what your current lender may tell you, you are still able … Read More
Spring is the season of change for many; cleaning out closets, starting fresh, and preparing for the warm summer months ahead. For many, spring brings with it the opportunity to get a new home. And, according … Read More
The Bank of Canada has maintained its target for the overnight rate at 1.75%, it announced Wednesday. Global economic concerns remain a key concern to the Bank of Canada, with ongoing uncertainty around trade conflicts causing … Read More
It’s been an interesting year for homeowners and prospective homeowners in Canada. Interest rates are on the downswing while housing prices are staying relatively stagnant. In my opinion, this is about as good of a buyer’s … Read More
We’ve all had it drummed into our brains: 20 per cent is the ideal amount to save for a down payment. But is it really? Most personal finance experts say that borrowing no more than 80 … Read More
Renters are the least happy with their dwellings and feel pessimistic about ever being able to afford a home, says a recently released survey by Zoocasa. The online real estate brokerage polled over 1,000 Canadians at … Read More