There’s a lot of talk about high home prices and affordability. With the upcoming election, many Canadians have house affordability at the front of their mind. One of the biggest ways to affect you...
Chris 05/17/2019
If you’re new to Canada and want to buy a home, there’s two pieces of good news. The first is that there are new to Canada mortgage programs that can help you get into a home. The second is that...
Chris 05/16/2019
For your day-to-day banking needs you’ll want a chequing account. That’s the one that’s linked to your cheques (hence the name) and lets you pay your bills. Many chequing accounts charge a month...
Chris 05/08/2019
Buying a home is an expensive, time-consuming process, and before you’re able to close you have to pay several closing costs. Closing costs are often overlooked when purchasing a home because they...
Chris 05/06/2019
Mortgages are a big business in Canada, and businesses are in it to make money. One of the ways that lenders make money on giving out mortgages is by charging interest, that you repay over 25 years on...
Chris 05/03/2019
Canadians have some of the most debt in the world, especially when compared to other developed nations. Most of this debt is in mortgages because of high home prices and the high rate of homeownership...
Chris 05/01/2019
Despite over 60% of Canadians needing a mortgage to buy a home, many don’t really know what a mortgage is. Most Canadians get their mortgage directly from their bank, “their bank” being where t...
Chris 04/24/2019
For the fourth time in a row, the Bank of Canada has maintained its target for the overnight rate at 1.75%. This announcement was released on April 24, 2019. For the last three interest rate announce...
Chris 04/24/2019
When people think about owning a home, the only cost that comes to mind for many is the mortgage payment. Since the mortgage is by far the largest monthly expense you’ll have, it makes sense to cons...
Chris 04/17/2019
With the Canadian economy forecast not looking well it looks like Canadian mortgage brokers are the beneficiaries of bond rates slipping. In the past few weeks the fixed mortgage rates have been fall...
Chris 04/17/2019
Updated April 25, 2019 There are many things you can do with a TFSA (which you ...
One CIBC Aventura point is worth $0.0133, on average. However, redempti...
Monday July 23, 2018The Canadian housing market is warming up — here’s whyDi...
With interest rates on the rise, homeowners and home buyers need to seriously co...
