Facebook
Twitter
Email
Five Ways to Achieve Financial Stability towards Home Ownership
Here are five ways to achieve financial stability towards home ownership: Start your own personal budget plan: Regardless of whether you are looking to buy a home, planning to save for retirement, or just looking to balance your finances, it is important to create a personal budget. In an average month, those without budgets would [...]
Read More
Home Buyer Perks
First time home buyer perks in Ontario: According to the latest Firm Residential Mortgage Survey, conducted quarterly by the Altus Group, first time home buyers have accounted for more than a quarter million residential home sales in Canada over the past year. Low interest rates, ever changing mortgage rules and rising home prices have played [...]
Read More
Bank of Canada Maintains Current Rate
The Bank of Canada recently announced that they will be maintaining the current target for its overnight rate; this means that it will stay at 1%. The being said, the Bank Rate stands at 1.25%, while the Deposit Rate stands at 0.75%. If you have been following these rate announcements, you will have noticed that [...]
Read More
Homeowners vs. non-homeowners: Which have better finances?
Being a homeowner is a big step, both financially and emotionally. But when it comes to finances, a new survey shows that homeowners take their financial obligations seriously. The survey by Genworth Financial Canada surveyed 1,444Canadian homeowners to find that homeowners are, in fact, more financially stable. When it comes to credit card debts, 65% [...]
Read More
Want to save money? Shop around when renewing your mortgage.
Mortgages are bounded by a specific term that can range anywhere from 6 months to 10 years (and sometimes even higher, depending on the lender). That means for the duration of the term, your mortgage commitment states that your rate will be as noted. So, for example, if you take a 5-year fixed rate at [...]
Read More
