How Interest Rates are Like Gas Prices

How Interest Rates are Like Gas Prices

Have you ever noticed that just like gas prices, interest rates seem to go up and down for no reason at all? How come it feels like right before you are ready to buy a property, rumours of interest rate changes will start to flood the media? Or why do gas prices...
Bank of Canada Rate Announcement Jan 20th, 2016

Bank of Canada Rate Announcement Jan 20th, 2016

Amidst much speculation, the Bank of Canada announced today that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. It appears 2016 is picking up where 2015 left off,...
Man Caves vs She Sheds

Man Caves vs She Sheds

If you talk to any REALTOR®, they will confirm that in couples looking to find their “forever home” there has been a recent surge in demand for a space dedicated as a man cave. It could be the basement (the darker the better) or it could be in a garage,...

What is Mortgage Default Insurance?

Mortgage Insurance 101. As part of the home buying process, you will hear the term mortgage insurance used a lot, especially if you are applying for a mortgage with a downpayment less than 20% of the purchase price. In Canada there are currently 3 mortgage insurers:...
What Will You Accomplish in 2016?

What Will You Accomplish in 2016?

Goodbye 2015. Hello 2016! The start of a new calendar year is an excellent time to reflect on the year that was, and to set goals for the year ahead. Have you spent any time sorting what you would like to accomplish in 2016? On most “New Year Resolutions...

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