If you’ve been following the financial news in Canada lately (or if you read the blog here regularly), you will know that a lot is changing in the world of mortgage financing. Most recently, the Canadian Mortgage and Housing Corporation (CMHC) announced an increase in their insurance premiums that will come into effect on March 17th […]
Continue Reading
Why Do you need a list on garages? As families grow and the limits of space are reached in the home, the garage is no longer just a comfortable place to park the car in the winter… it becomes quite the multipurpose room (which is code for storage locker for stuff you don’t really use […]
Continue Reading
A child’s imagination is certainly something to behold. From pillow forts that double as outlying starbases, to walks in the forest that double as adventures travelling up and over the world’s tallest peaks, this gift that children possess- that of finding joy (not to mention awe and wonder) in the everyday is truly a thing […]
Continue Reading
Maybe it’s a matter of perspective, but have you ever noticed that the value of your home is subjective. Here’s an infographic you can rely on to know who thinks your home will be worth what! On a more serious note, if you are interested in making some changes to your mortgage, or you are […]
Continue Reading
If you are looking to purchase a property in the next while, you probably already know that you need at least 5% of the purchase price as a downpayment. Saving a bigger downpayment, let’s say 10%, certainly increases your chances of securing financing. While having a 20% downpayment allows you to avoid paying CMHC mortgage insurance […]
Continue Reading
Looks like 2017 begins the same way 2016 ended, with the Bank of Canada announcing that it has maintained its target for the overnight rate at 1/2 percent. While the Bank Rate is correspondingly 3/4 of a percent, with the deposit rate holding steady at 1/4 percent as well. The Bank of Canada also released […]
Continue Reading
The Canadian Mortgage and Housing Corporation announced this morning that they will be increasing mortgage insurance premiums on March 17th 2017. They were quick to outline that the changes would only amount to roughly a $5 increase per month for borrowers. Which was the same stance they took when they last increased premiums in June […]
Continue Reading
Over the last three years, Canadian financial blogger Sandi Martin from Spring Personal Finance has released a series of posts with her dreams for her clients in each 2015, 2016, and now 2017. It started with finding clarity, then taking ownership, and now the series is brought together by the idea of structure. Nothing to […]
Continue Reading
Today the BC government introduced an innovative new program designed to assist first time home buyers with their downpayment. BC is now offering interest-free loans up to $37,500 to first-time homebuyers. The following is from the government website! Every British Columbian deserves a place to call home. That is why we are taking action by […]
Continue Reading
No big shocker here, in the final rate announcement of 2016, just as every economist in the country predicted, the Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. […]
Continue Reading
