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In an effort to tackle continued inflationary pressures and “excess demand in the economy,” the Bank of Canada has raised its key interest rate again. The 25 basis points hike…
You might have heard of interest-only mortgages especially in today’s real estate market, but what is it exactly? As the name suggests, an interest-only mortgage is a type of mortgage…
It’s time to renew your mortgage. Your mortgage term, usually five years, is up and it’s time to renew it. This is an important financial decision regardless of whether you…
Did a bank just deny your loan application? Not to worry because there are private lending options out there to explore. As a matter of fact, working with a non-bank…
Investing in the beginning can be very scary and a tricky process to navigate for beginners. You might have heard things from friends, gotten advice, or just don’t know where…
Whether you’re buying or selling your home, finding a good residential appraiser is vital to accurately assessing the value of your property. An appraisal is an unbiased professional opinion of…
Canada’s inflation rate dropped sharply last month. On Tuesday, Statistics Canada said that the country’s annual inflation rate fell to 3.4% in May after reaching 4.4% in April to the…
Data revealed by the Canadian Real Estate Association (CREA) earlier this month show Canadian home sales climbed 5.1% month-over-month in May. Other highlights from the report are: • Actual (not…
On Wednesday morning, the Bank of Canada raised its key interest rate by 25 basis points to 4.75%, the highest it has been since 2001. “Globally, consumer price inflation is…
