Category: Financial Planning
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Should I Switch to a Fixed Rate Mortgage?
Don’t Be in a Hurry to Ditch Your Variable Rate Just Yet. The Bank of Canada’s interest rate increase of 0.5% — the largest single rate increase in decades – may have sent variable rate mortgage holders into a panic. We’ve already had many clients contact us, asking what rates are likely to do in…
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Should I invest in a TFSA or an RRSP?
Are you looking to save for the future while getting a tax break? TFSAs and RRSPs both offer tax advantages that can help you reach your saving and investment goals. But which one is right for you?
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Six Important TFSA Questions Answered
A tax-free savings account (TFSA) lets you save extra cash for just about anything. TFSAs are highly flexible and can be used for rainy-day savings, a new home or retirement.
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How to Save With a Variable Mortgage
When it comes to mortgages, the age-old question remains: “Should I go with a variable or fixed-rate?”. To make an informed decision, it is important to look at the type of buyer and the historical trends.
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Budgeting for the Holidays
Be mindful with money this season! Along with holiday joy come holiday bills, to avoid a sleigh-size tab, plan ahead to save money and maximize the payoff.
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What Are My Options if the Bank Says No?
There’s Always an Alternative. When it comes down to getting approved for a mortgage, there are a lot of factors and not everyone will qualify. But many of you might be asking “what are my options if the bank says no?“ When conventional lenders (such as banks or credit unions) deny mortgage financing, it can…
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10 Mortgage Mistakes
Whether it is your first house or you’re moving to a new neighborhood, getting approved for a mortgage is exciting! However, even if you have been approved and are simply waiting to close, there are still some things to keep in mind to ensure your efforts are successful.
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How to Teach Your Kids About Money
“You’re teaching them way too young,” joked the man next to me and my three girls at the bank machine; clearly he assumed we were taking out cash, and thought it would be funny to tease me about that. “No, man,” I teased back warmly; “I teach my girls to make deposits.” He laughed, I…
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What a Liberal Minority Government Will Mean for the Markets and Canadian Investors
Canadians went to the polls on September 20th, 2021, and Justin Trudeau led his liberal government to victory. The liberals will govern with a minority government for another term. Here is what you need to know about how this outcome could affect your finances.
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The Four C’s of a Good Credit Rating
Buying your first home is an incredible step in life, but it is not without its hurdles! One of which is demonstrating that you are creditworthy, which all comes down to your credit rating. This is how lenders and credit agencies determine the interest rate you pay, or whether you will qualify for a mortgage…