Improving your financial health is essential for long-term stability and peace of mind. STEP 1: This starts with creating a budget and sticking to it. Begin by tracking your income and all expenses for at least a month to understand where your … [Read more...] about 5 Steps to Improve Your Financial Health
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Canada’s Inflation Cools
Canada's annual inflation rate dropped to 2.5% in July, the slowest it's been in over three years. This slowdown makes it likely that the Bank of Canada will cut interest rates again next month. According to data from Statistics Canada, inflation … [Read more...] about Canada’s Inflation Cools
Navigating the Latest Bank of Canada Rate Announcement: What It Means for You
The Bank of Canada has just made its latest rate announcement, and as always, it’s a hot topic for anyone involved in the mortgage and real estate market. Whether you're a first-time homebuyer, a seasoned investor, or simply keeping an eye on the … [Read more...] about Navigating the Latest Bank of Canada Rate Announcement: What It Means for You
Spring Market Expectations
The spring housing market is here! Whether you’re looking to sell, buy, or want to ensure your mortgage is in order, knowing what to expect can help. Here is the low down on what we are anticipating for various factors affecting the housing market … [Read more...] about Spring Market Expectations
2024 Budget: Tax Credits & Exemptions
The recent 2024 budget rollout ushered in a host of new tax benefits, extending existing incentives and exemptions to aid various sectors. Here's a breakdown: Canadian Entrepreneurs’ Tax Incentive: This new measure proposes a one-third capital … [Read more...] about 2024 Budget: Tax Credits & Exemptions
Amortization Options
Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the … [Read more...] about Amortization Options
The Impact of Mortgage Stress Tests on Canadian Homebuyers
In recent years, mortgage stress tests have been a significant topic of discussion within the Canadian real estate market. These stress tests, implemented by the Office of the Superintendent of Financial Institutions (OSFI), have aimed to ensure that … [Read more...] about The Impact of Mortgage Stress Tests on Canadian Homebuyers
The Importance of Financial Literacy: Empowering Individuals for a Secure Future Introduction
In today's fast-paced and ever-changing world, financial literacy has become an essential life skill. It refers to the knowledge and understanding of various financial concepts, such as budgeting, saving, investing, and managing debt. Unfortunately, … [Read more...] about The Importance of Financial Literacy: Empowering Individuals for a Secure Future Introduction