2021-06-04 | 07:52:37

A garden to envy

 Who doesn’t like to have that garden your neighbours would envy!  I DO but  I struggle to keep up with “The Jones” as it  takes some preparing. I found the following tips and thought I would share these ideas for how to get started on your...

2021-05-21 | 06:05:14

New Qualifying Rate for Mortgage Loans

Friday, May 21, 2021The tougher stress test (qualifying rate) will make it more difficult to qualify for a mortgage in the short-term, according to James Laird, co-founder of and president of CanWise Financial mortgage brokerage.“At all...

2021-04-22 | 09:06:59

Bank of Canada Rate Update

 Yesterday morning, in its third announcement of 2021, the Bank of Canada left its target overnight benchmark rate unchanged at 0.25%. As a result, the Bank Rate stays at 0.5%.  It also issued its quarterly Monetary Policy Report – a must read...

2021-04-09 | 11:37:39

Will The Stress Test Rate Change?

This rule change, should it go through,  will affect those with mortgage requests for refinancing and purchasing with 20% down payment or more.  Below is the communication right from the OFSI website ( ─ April 8, 2021 ...

2021-03-23 | 05:41:34

Advice for those with Credit Challenges

 In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may...

2021-03-11 | 07:33:13

Prime rate to remain at 2.45%

Yesterday’s central bank announcementThe Bank of Canada held it’s overnight rate steady at 0.25%.   They also remained committed to using Quantitative Easing to keep interest rates low across the yield curve. This is good news for home buyers....

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