Federal Incentive to Help Home Buyers

The federal election is coming up this fall, which means the party in power is pulling all the stops in hopes of re-election. The proposed 2019 Liberal budget was released, and with it a couple of highlights for first-time home buyers. The budget proposes to increase...
Understanding Credit Card Debt

Understanding Credit Card Debt

Credit cards. Everyone has one. Many have more than one. And we all know how quickly the debt can build up, especially with mounting interest. You probably know what the interest rate is on your credit card, but do you know how the interest is calculated? When is...
How Much Do I Need For A Down Payment?

How Much Do I Need For A Down Payment?

Until recently, it was generally expected that a home buyer would have to supply a 20% down payment. This is because interest rates were high, which meant the bigger your down payment the smaller your monthly mortgage payment. But in today’s economic climate,...
Bank of Canada Waiting to Hike Rates

Bank of Canada Waiting to Hike Rates

The Bank of Canada announced last week the need to wait before continuing to increase interest rates. The Bank had previously been insistent that continued rate hikes would be necessary in order to keep inflation in an acceptable range, but doing so did not have the...