by Jenn Slater | Sep 22, 2020 | Blog, Covid-19, Mortgage
Chances are if you’ve been paying attention to the news as the Canadian economy continues to work through the COVID-19 pandemic, you’ve heard that interest rates are at an all-time low. And it would appear that they will remain low for a while. In fact, the Bank of...
by Jenn Slater | Sep 9, 2020 | Announcement, Blog, Mortgage
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing. The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent...
by Jenn Slater | Aug 25, 2020 | Blog, Covid-19, Finance, Mortgage
COVID-19 is wreaking havoc on retirement investments, particularly for those who rely on dividends as part of their income. Over the past decade, many older Canadians have taken a riskier approach with retirement investments because of low bond yields and interest...
by Jenn Slater | Aug 11, 2020 | Blog, Covid-19, Finance, Mortgage
If COVID-19 has negatively impacted your finances and you’re currently deferring your mortgage payments, you should know that this will be visible on your credit report. Here is an image from a recent credit report. In this scenario, it shows that the mortgage...
by Jenn Slater | Jul 29, 2020 | Blog, Finance, Mortgage
Alternative lending refers to lending practices that fall outside the normal banking channels. These are lenders that think outside the box and offer lending solutions to Canadians who wouldn’t otherwise qualify for traditional bank products. Although we all like to...
by Jenn Slater | Jul 22, 2020 | Blog, Homeownership, Mortgage
If you have a variable rate mortgage, and recent economic news has you thinking about locking into a fixed rate, here is what you can expect will happen. Firstly, your lender will be very happy as they will now make considerably more money off you. Not only will your...
