In an effort to address housing affordability concerns, the Government of Canada introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act, a two-year ban on foreign buyers. However, industry stakeholders raised concerns about some of the details…
Leasing and buying equipment are two popular ways for businesses to acquire the tools and machinery they need to operate. While both options have their benefits and drawbacks, leasing can be particularly advantageous for companies that want to preserve their…
Today, we'll be exploring the concept of amortization and how it impacts your mortgage payments. This guide will provide you with valuable insights into how amortization works and how it influences your financial planning and monthly budgeting. What is Amortization?…
The latest inflation data has brought some good news for the Bank of Canada and the Canadian economy. The inflation rate decreased from 5.9% in January to 5.2% in February indicating the measures taken by the Bank of Canada to…
Are you planning to start a construction project but need financing to acquire the land? Land loans are a popular option for real estate investors and developers looking to finance land purchases for commercial or residential construction projects. If you’re…
The latest update from the Bank of Canada. The Bank has decided to hold its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%.
Encouraging Update: Canada's Inflation Rate Continues to Decrease The annual rate of inflation in Canada dropped to 5.9% in January, a higher decrease than expected, as price growth continued to slow down. The latest report from Statistics Canada revealed that…
Unlocking the Power of Mortgage Brokers in a High-Interest Rate Market As interest rates continue to rise, the prospect of buying or refinancing a home can seem daunting to many borrowers. Fortunately, the services of a mortgage broker can prove…
A Popular Option for Canadian Seniors Amid Canada's Changing Interest Rate Reverse mortgages have become an increasingly popular option for seniors in Canada who are looking to maximize their retirement income. HomeEquity Bank, Canada’s largest reverse mortgage provider saw a…
What does it mean to refinance your mortgage? A mortgage loan refinance means renegotiating your existing mortgage loan agreement to use any available equity you have on your home. Meaning a homeowner can apply for the same amount as an…
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