Mortgage Tips Jag Dhamrait 10 Sep
When it comes to purchasing a home, most offers include “conditions” (or “subjects” if you are in the provinces of British Columbia or Manitoba), which are requirements or criteria to be met before the sale can be finalized and the property is transferred. Some of the most common conditions include: Financing approval Home inspection Fire/home […]
Read MoreEconomic News Jag Dhamrait 1 Sep
The Bank of Canada has a single mandate—to ensure that inflation returns to the 2% target. This means that the Bank will raise interest rates if inflation is too high and lower interest rates if inflation is too low. The U.S. Federal Reserve, in contrast, has a dual mandate—to maximize employment given a 2% target […]
Read MoreHome Tips Jag Dhamrait 20 Aug
With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option for this is to put your home equity to work and consider renovating your basement into a legal income suite! You can do this by using a secured credit line (home equity […]
Read MoreGeneral Jag Dhamrait 10 Aug
It’s the season of outdoor parties and a summer BBQ is the perfect way to enjoy time with friends and family! For some tips on how to make this year’s get-together your best one yet, check out my list below: Set the Mood: String up fairy lights, plug in a radio with some of your […]
Read MoreEconomic News Jag Dhamrait 1 Aug
The Bank of Canada remains staunch in its battle against inflation, utilizing its primary weapon—the overnight policy rate—which has escalated from 25 basis points to 500 bps since March 2022. This historically low overnight rate was a direct consequence of the COVID-19 pandemic and implementing measures to cushion the economic impact of the lockdowns. These […]
Read MoreMortgage Tips Jag Dhamrait 21 Jul
Not all insurance products are created equal. It is important to understand all the different insurance products to ensure you have proper coverage. Below are the main insurance product options you will encounter with homeownership, and what they mean: Default Insurance: This insurance is mandatory for homes where the buyer puts less than 20% down. […]
Read MoreMortgage 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 […]
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