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
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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
Market Beware: Condition-Free Offers
When it comes to purchasing a home, most offers include “conditions” (or “subjects” if you are in the provinces of British Columbia or Manitoba), which are requirements or criteria to be met before the sale can be finalized and the property is … [Read more...] about Market Beware: Condition-Free Offers
Adapting Your Finances
The latest news has been focused on rising interest rates, inflation, and economic uncertainty with suggestions that the Canadian economy could be tripped into recession. With all this information circulating, now is a good time to discuss ways to … [Read more...] about Adapting Your Finances
What to Know About the Latest Rate Hikes
With recent Bank of Canada interest rate hikes, and more on the way, here is what you need to know about how these fiscal policy changes affect your mortgage. First and foremost, the interest rate hikes directly affect individuals that currently … [Read more...] about What to Know About the Latest Rate Hikes
Finding Your Perfect Home Type
When it comes to finding your perfect home, there are so many more options for potential homeowners! From a single-family dwelling to a townhouse to a modular home, the choices are seemingly endless. But, before you start widening your search, let’s … [Read more...] about Finding Your Perfect Home Type
Improving Your Financial Direction
Make 2022 the year of finance by improving your financial direction! Even if you are living paycheck-to-paycheck, a few changes to the way you spend and look at money can make all the difference. It’s never too late to start again and reverse course! … [Read more...] about Improving Your Financial Direction