by Ryan Avery | Feb 27, 2023 | Uncategorized
Whether you are on the hunt for a new house, purchased a new property, or are refinancing your existing mortgage one of the most daunting steps can be finding the mortgage that is right for you. It goes beyond simply choosing between variable or fixed rates and the...
by Ryan Avery | Feb 13, 2023 | Uncategorized
MORE OLDER CANADIANS HAVE MORTGAGES Between 2016 and 2021 the number of Canadians with a mortgage over the age of 65 increased. With the Bank of Canada raising the interest rate over the past year to curb inflation, these numbers may continue to rise. Conventional...
by Ryan Avery | Feb 6, 2023 | Uncategorized
The First Home Savings Account is a new product geared toward first-time home buyers. It’s almost as if an RRSP and a TFSA had a baby. Here are a few details: – $8,000 contribution room per year, a total of $40,000. You can start contributing at...
by Ryan Avery | Jan 30, 2023 | Uncategorized
Canada Mortgage Housing Corporation has announced new regulations that will be used for the implementation of the “Prohibition on the Purchase of Residential Property by Non-Canadians Act,” which comes into effect for a two-year period starting January 1. The...
by Ryan Avery | Jan 23, 2023 | Uncategorized
Mounting debt levels are likely to become the greatest fiscal risk for Canadian households in the coming year, according to Peter Routledge, Canada’s Superintendent of Financial Institutions. The statement came in the wake of the latest figures from the national...
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