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House hunting regrets + MORE Oct 26th
Ready to buy your new home? Got a list? Or do you know someone who is about to embark on their own house hunting expedition? If so, you’ll probably be surprised to learn that 80% of first-time homebuyers would actually opt for a do-over (if they had the chance).
According to a survey by U.S. mor.... More »
Canada’s best travel credit cards 2020 Nov 15th
With a good travel credit card in your name, going on a trip can suddenly become more affordable. And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lounge access, amazing insurance coverage and the f.... More »
Why newlyweds need term life insurance + MORE Oct 14th
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The post Why newlyweds need term life insuranc.... More »
A guide to mortgage calculators Jan 23rd
Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for the mortgage payment, property taxes, insurance, utilities and maintenance.
To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price y.... More »
New mortgage rules will affect first-time buyers Oct 10th
OTTAWA – Canada’s first-time home buyers may have to shelve their dream house fantasies due to lending changes announced this week by the federal government, mortgage brokers say.
Ottawa moved this week to tighten mortgage lending rules that will limit the amount many Canadians can borrow to hel.... More »
A March Rate Cut Looks Less Likely: Poloz
– ratesupermarket.ca
For years, the Bank of Canada’s rate announcements have been somewhat anti-climatic; with the Overnight Lending Rate held at 1 per cent since September 2010, it became a safe assumption for market watchers to forecast status quo each time the BoC made their statement. That changed this January, when the Bank blindsided borrowers and economists alike with a 25-basis point cut. The next rate announcement approaches on March 4, and the potential outcome is arguably the most anticipated in recent history.
Until this week most economists were forecasting a rate cut of another 25 basis points. But now Bank of Canada Governor Stephen Poloz has thrown that into speculation with recent speech he made at the University of Western Ontario, remarking that the Bank had taken the right amount of “insurance” when it cut rates in January. He stated, “The downside risk insurance from the interest rate cut buys us some time to see how the economy actually responds,” adding, “The oil-price shock is an important setback in our progress toward full capacity, full employment and stable inflation because it is a net negative for economic growth…
