Are you thinking about buying your first home? Congratulations! This is a major milestone, and we want to make sure you know about all the fantastic first-time homebuyer benefits available to help you save money and make the home-buying process smoother. Let’s dive into some incredible programs and incentives designed just for you. 1. […]

With recent interest rate cuts by the Bank of Canada, now is a great time to understand how these changes might impact your mortgage. Let’s dive into how these shifts could benefit you — whether you’re a current homeowner, looking to renew, or considering purchasing a home. ### Variable-Rate Mortgages: More Cash Flow in Your […]

  Creating a legacy is about more than just leaving behind financial assets—it’s about enriching the lives of your loved ones and making a meaningful impact on your community. For Canadian homeowners, the CHIP Reverse Mortgage offers a unique way to create a “living legacy” by accessing the equity in your home and supporting your […]

Bank of Canada Cuts Rates Another Quarter Point Today, the Bank of Canada cut the overnight policy rate by another 25 basis points to 4.25%. This is the third consecutive decrease since June. The Bank’s decision reflects two main developments. First, headline and core inflation have continued to ease as expected. Second, as inflation gets […]

  Embarking on the journey to purchase your first home is one of life’s most thrilling and rewarding milestones! To ensure a smoother mortgage process, one of the smartest steps you can take is to get pre-approved for your mortgage. While pre-approval doesn’t lock you into a single lender, it does secure the interest rate […]

Weaker-Than-Expected July Jobs Report Keeps BoC Rate Cuts In-Play Canadian employment data, released today by Statistics Canada, showed a continued slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Employment declined again in July, down […]

Buying a home is an exciting milestone! To ensure a smooth process, it’s crucial to have a comprehensive budget that includes all potential expenses, not just the purchase price of the home. One key area to consider is closing costs, which can significantly impact your financial planning. Understanding these costs will help you stay within […]

canadian inflation rose in may, surprising markets Inflation unexpectedly rose in May, disappointing the Bank of Canada as it deliberates the possibility of another rate cut next month. The Consumer Price Index (CPI) rose 2.9% in May from a year ago, up from a 2.7% reading in April. This increase primarily reflects higher prices for […]

May was another sleepy month for housing The Canadian Real Estate Association (CREA) announced today that national home sales fell 0.6% in May, remaining slightly below the average of the past ten years. Actual (not seasonally adjusted) monthly activity was 5.9% below May 2023. With the Bank of Canada rate cut on June 5, housing activity […]

  As interest rates are anticipated to decline, many homeowners are considering switching from a variable-rate mortgage to a fixed-rate mortgage. This strategic move can lock in the next term and offer significant financial advantages. **Stability in Payments** A fixed-rate mortgage provides stability in your monthly payments. Unlike a variable-rate mortgage, where payments can fluctuate […]