Property taxes explained
This tax season I’ve got a lot of question about Property Tax payment via bank. Here are a couple things to remember when you process...
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Bank of Canada Confirms Commitment To Low Interest Rates
Despite the good news on the vaccine front since the Governing Council's last meeting in late October, the Bank of Canada reasserted its...
Canadian Home Sales and Prices Set Another Record High in September
Today's release of September housing data by the Canadian Real Estate Association (CREA) shows national home sales rose 0.9% on a...
Canadian Housing Market Sets Record Highs in August
Today's release of August housing data by the Canadian Real Estate Association (CREA) showed a blockbuster August with both sales and new...
Teaching Your Kids About Finances
Did you know? According to a 2019 Family Finances Poll, 9 out of 10 parents (96%) are financially supporting their children (ages 18-35...
Bank of Canada Holds Target Rate Steady Until Inflation Sustainably Hits 2%
The Bank of Canada under the new governor, Tiff Macklem, wants to be "unusually clear" that interest rates will remain low for a very...
Astonishing Fiscal Red Ink Announced Today
Finance Minister Bill Morneau presented his fiscal snapshot this afternoon. Most economists were expecting a budget deficit of roughly...
Advantages of a pre-approval
Getting pre-approved can be a vital step to the home-buying process! A pre-approval usually specifies a term, interest rate and mortgage...
Bank of Canada Takes A More Positive Tone
While the degree of uncertainty remains high, there is evidence that the worst of the economic downturn is behind us.
CMHC Makes It More Difficult To Get An Insured Mortgage
Once again, the Canadian Mortgage and Housing Corporation (CMHC) is tightening the criteria to get a mortgage with less than a 20% down...
STOCK AND BOND YIELDS PLUMMET AFTER SUNDAY FED CUT
Fed Cuts Overnight Rate One Percentage Point But Markets Plummet In an unprecedented Sunday afternoon meeting, the US Federal Reserve cut...
Can overnight rate go negative and what does it mean for the economy and investments?
With the slowdown in the global economy, ongoing trade wars, Brexit, impact of COVID-19 on the stock market and the fears of an upcoming...
The Bank of Canada Brings Out The Big Guns
Following yesterday's surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it...
Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages
News Release For Immediate Release OTTAWA ─ February 18, 2020 ─ Office of the Superintendent of Financial Institutions This follows a...
Bank of Canada maintains overnight rate target at 1 ¾ percent
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the...
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