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Fixed vs Variable…How do you Choose?
The age-old question…do I go variable or fixed? Fixed mortgage rates are more popular and represent about 70% of all mortgages in Canada. With a fixed rate mortgage, you can “set it and forget it” as you are protected against interest rate fluctuations, so your...
Is Refinancing a Good Idea? The Right (and Wrong) Time to Refinance
Do you want to reduce your monthly mortgage payments, get cash from your home equity, or get a better rate on your mortgage? It may be time to think about refinancing your mortgage. A 2018 study found that 47 percent of Canadians may need to take on more debt to pay...
5 Common Mistakes Made When Buying Your First Home
Are you ready to buy your first home? There's a lot more to the process than you might think, so make sure you avoid these common mistakes home buyers often make. Recent research has shown that first-time home buyers make up about 65 percent of all home buyers. Even...
Changes in the 2019 Federal Budget Pertaining to Mortgages
They call it “An Affordable Place to Call Home”. There are 2 key factors in this recent budget to be implemented September 2019: First change is to allow First Time Home buyers to now withdraw up to 35K from their RRSP’s. This is an increase from the previous limit...
RRSP Season is Here
The deadline for RRSP contributions for the 2018 tax year is March 1, 2019. If you have not contacted your investment advisor regarding your contributions, we suggest you do so, as soon as possible. Do you have a retirement plan in place? There is no time like...
New Year, New Budget
The deadline for RRSP contributions for the 2018 tax year is March 1, 2019. If you have not contacted your investment advisor regarding your contributions, we suggest you do so, as soon as possible. Do you have a retirement plan in place? There is no time like...