Introduction: Co-signing for a commercial mortgage is a significant financial decision that requires careful consideration and expertise. In Canada's dynamic business landscape, professionals and experts must understand the implications, advantages, and disadvantages of co-signing for a commercial mortgage. This blog…
The Canadian housing market is seeing a resurgence as home sales spiked by 11.3% in April compared to the previous month. This surge in activity, according to the Canadian Real Estate Association (CREA), indicates that the prolonged slowdown in the…
When businesses need to acquire equipment, they often face the dilemma of whether to buy new or used equipment. While new equipment may have its advantages, it often comes at a higher cost, making it unaffordable for many small businesses.…
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…
The Bank of Canada has announced its decision to maintain its target for the overnight rate at 4½%, which is great news for the Canadian economy. The Bank Rate will remain at 4¾%, and the deposit rate at 4½%. Moreover,…
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%.