How US rates can impact Canadian market?

How US rates can impact Canadian market?

The US housing market has been experiencing a surge in demand over the past year, with low mortgage rates being one of the key factors driving the trend. However, recent announcements by the Federal Reserve regarding the direction of interest rates have left many...

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Finally, Some Good News on Interest Rates

Finally, Some Good News on Interest Rates

While the variable rate has traditionally been a money saver, the switch to fixed is definitely on. Since March 2022, fixed rates have risen only 1.7%, while the Bank of Canada has hiked the variable rate option by 4.25% Fixed rates generally follow the Government of...

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3 Reasons to use a Mortgage Broker instead of a bank

3 Reasons to use a Mortgage Broker instead of a bank

With today's higher interest rates and the government putting even more rules and restrictions in place, a Mortgage Broker is better than a bank.  Here is why. 1.    More Options Mortgage Brokers are not restricted by the same rules banks and research all your...

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Top 5 Financial tips to save money in 2023

Top 5 Financial tips to save money in 2023

1. Set goals– First of all, make a list of goals that you want to achieve in 2023. For instance, I want to cut down on eating junk food. I want to start eating breakfast every day. I want to cut down on alcohol etc. It will take about 15 minutes to write down your...

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Banks don’t want you to know this!

Banks don’t want you to know this!

January 23rd 2023 Banks don't want you to do your homework, and here's why They will ask you to renew up to 6 months before you need to, hoping you will be too lazy to shop and compare.  While your bank will continually tell you that they value you greatly as a...

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Real Estate and Mortgage Predictions for 2023

Real Estate and Mortgage Predictions for 2023

January- 16th 2023 To start, let's look at the predictions made in January 2022. In January 2022, the big banks were predicting that: Real estate prices were going to increase throughout the year. (TD called for a 7% increase in Real Estate prices by the end of 2022)...

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Spending Tips That Can Save You Thousands of Dollars

Spending Tips That Can Save You Thousands of Dollars

1. Avoid Impulsive Spending Stick to your grocery list: Research from the University of Pennsylvania shows that people who can avoid impulse spending can save up to 23% on their grocery bills. So create a grocery list and stick to it if you want to save some money....

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