Mortgage Tips Jag Dhamrait 14 Jul
Before banks or lending institutions can consider loaning money for a property, they need to know the current market value of that property. The job of an appraiser is to check the general condition of your home and determine a comparable market value based on other homes in your area. This is required for […]
Read MoreEconomic News Jag Dhamrait 4 Jul
The biggest surprise recently has been the unexpected interest rate hike by the Bank of Canada. While the April inflation headline did tick up, and Q1 GDP data came in at a stronger-than-expected 3.2%, the April labour force data showed some easing in the jobs market. The ratio of unemployment-to-job vacancies is now rising. […]
Read MoreMortgage Tips Jag Dhamrait 20 Jun
What is the First Home Savings Account (FHSA)? Introducing the First Home Savings Account (FHSA) for Canadian first-time homebuyers. This specialized account empowers you to save for your down payment while enjoying the benefit of tax-free interest earnings. Withdrawals from the account are also tax-free. By eliminating taxation on your contributions, the FHSA offers the […]
Read MoreFinancial Tips Jag Dhamrait 10 Jun
When it comes to saving money, there are a lot of little things you can do that add up to make a big difference! Here are 10 of my favourite money-saving tips to help get you started today: Automatic Savings are one of the most effective ways to save because you can’t spend what you […]
Read MoreEconomic News Jag Dhamrait 1 Jun
Once again, the Canadian economy is running hotter than expected by the Bank of Canada. The economy continues to exhibit excess demand conditions. In particular, labour markets are very tight, the unemployment rate is near a record low, and wages are rising by more than 5%. Consumer spending is still strong, and the housing […]
Read MoreHome Tips Jag Dhamrait 22 May
If you are looking to have a garden that is the envy of the neighbourhood, May is a great time to get started on your gardening to-do list. I have put together some helpful tips and ideas for how to get started so your garden shines all summer long! Plant Annuals and Perennials: This […]
Read MoreMortgage Tips Jag Dhamrait 10 May
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start […]
Read MoreEconomic News Jag Dhamrait 1 May
It has been just over a year since the Bank of Canada started hiking interest rates. While the economy has remained surprisingly resilient, the housing market has weakened sharply. The Bank has remained on the sidelines for the past two Governing Council announcement dates, and home sales have edged upward in very tight markets. […]
Read MoreMortgage Tips Jag Dhamrait 26 Apr
Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly Payments: A monthly payment is simply a single large payment, paid once per month; this is the […]
Read MoreMortgage Tips Jag Dhamrait 4 Apr
In March, the global economy was focused on systemic risk in the banking sector. Following three bank failures in the U.S., markets were roiled again by the forced sale of Credit Suisse to UBS. Interest rates have plummeted as demand for the haven of government bonds has increased sharply. Consequently, five-year fixed mortgage rates have […]
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