5 Things You Need to Know About Canada’s New Tax-Free First Home Savings Account (FHSA)
Canada's New Tax-Free Savings Account For First Home (FHSA)"

5 Things You Need to Know About Canada’s New Tax-Free First Home Savings Account (FHSA)

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Canada’s newest registered savings plan, the tax-free first home savings account (FHSA), officially launched on April 1st, 2023. The FHSA allows prospective first-time homebuyers to contribute up to $40,000 and save on a tax-free basis towards the purchase of their…

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The Pros and Cons of Leasing vs Buying Equipment
The pro's and cons for Equipment leasing vs buying.

The Pros and Cons of Leasing vs Buying Equipment

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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…

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Amortization in Canada
The process of paying off a loan, such as a mortgage, through regular installments over a specified period.

Amortization in Canada

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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?…

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Canada’s Inflation Rate Drops From 5.9% in January to 5.2% in February
The inflation rate decreased from 5.9% in January to 5.2% in February indicating the measures taken by the Bank of Canada to manage inflationary pressures are having a positive impact.

Canada’s Inflation Rate Drops From 5.9% in January to 5.2% in February

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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…

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Looking for Construction Land Loans? Here’s a Mortgage Financing Checklist
Land loans are a popular option for real estate investors and developers looking to finance land purchases for commercial or residential construction projects.

Looking for Construction Land Loans? Here’s a Mortgage Financing Checklist

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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…

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March 8th Rate Announcement
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%.

March 8th Rate Announcement

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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%.

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Encouraging News As Canada’s Inflation Rate Continues To Decline
Canada’s annual rate of inflation fell to 5.9% in January.

Encouraging News As Canada’s Inflation Rate Continues To Decline

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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…

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The Importance of a Mortgage Broker in a High-Interest Rate Market
With interest rates on the rise, the home buying or refinancing process can be a stressful one for many borrowers. But, it's during these challenging times when the services of a mortgage broker are most invaluable. Here's why:

The Importance of a Mortgage Broker in a High-Interest Rate Market

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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…

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Reverse Mortgages
Reverse mortgages have become more popular with senior Canadians amid interest rate changes

Reverse Mortgages

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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…

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