Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
Latest News
This millennial making $110,000 helps her family with mortgage, groceries. Is it time to buy a place with her boyfriend? + MORE May 16th
‘Can we even afford anything in the GTA. Is it smart to buy?’ Leanne asked. ‘The market is insane.’.... More »
Millennials Could Be Hit Hardest by the Bank of Canada’s Interest Rate Hike + MORE Jun 3rd
Canadians, get ready to pay more to borrow money: The Bank of Canada, or BoC, announced a 0.50 per cent interest rate hike today to tame inflation, bringing its key interest rate up to 1.5 per cent, and signalled more hikes will come.
After slashing its key interest rate to 0.25 per cent at the o.... More »
Should You Apply For a Loan or Line of Credit? Apr 8th
Banks offer a variety of products to give you access to cash. But is every borrowing option the same? If you’re weighing the alternatives, you may struggle with the choice between a loan and line of credit. Only you can decide what’s best for you, but there are some factors to consider..... More »
The complete guide for first-time home buyers in Canada + MORE Mar 28th
Buying your first home is an exciting experience, but it can also be an overwhelming one—especially if you’re not sure where to start. That’s why we’ve outlined some simple steps that anyone shopping for a home should take, from figuring out what you can actually afford to getting pre-approv.... More »
What’s the TRUE Impact of Policy Changes on the Canadian Mortgage Market? Dec 15th
It’s certainly not what the Bank of Canada (BoC) is claiming!
The BoC recently released a document detailing what it believes to be a positive report on the Canadian Mortgage Market, but this article clearly shows how out of touch our government is.
The BoC is applauding their statistics̷.... More »
(Shutterstock)Canada is the second G7 country to embark on the path of normalizing monetary policy. Raising the key interest rate to 0.75 per cent, the Bank of Canada also adopted a bias towards tightening policy over time and reversing the “insurance” rate cuts of 2015. The move bolstered the Canadian dollar, trading at highs not seen in more than a year against the U.S. dollar.
Economically it’s probably a good time for Canada to raise rates. The rate increase is being viewed as a sign of confidence in the Canadian economy and the TSX jumped after the open on Wednesday. Energy stocks, bolstered by higher oil prices, and materials led the rally.
If you read between the lines, the hike is a signal to the market that the central bank wants the Canadian housing and mortgage game to get serious, and this is the first volley.
What’s At Stake for Exporters?
For small and medium sized Canadian exporters, this translates into more purchasing power, but it can also hurt accounts receivables…
