by Kara Herbeson | Jul 16, 2021 | Announcements, Blog
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate....
by Kara Herbeson | Jul 2, 2021 | Blog, Homeownership, Mortgage
If you’ve missed mortgage payments or you’re anticipating difficulties moving forward, you should always deal with this as early as possible. Periods of financial difficulty are not uncommon and there are several options available to avoid an ultimate foreclosure....
by Kara Herbeson | Jun 18, 2021 | Blog, Homeownership, Mortgage
As a homeowner, refinancing your mortgage allows you to capitalize on lower interest rates, access your home’s equity, consolidate debt or even reduce your monthly payments. In simple terms, a mortgage refinance involves breaking your current loan agreement and...
by Kara Herbeson | Jun 4, 2021 | Blog, Homeownership, Mortgage
If you’re applying for a new credit card or even a job, taking out a loan or buying a new vehicle or home, a credit check will most likely be conducted to determine your creditworthiness. This helps determine if you’re dependable and able to pay back money you borrow....
by Kara Herbeson | May 21, 2021 | Blog, Economy, Finance, Homeownership, Mortgage
In today’s unconventional housing market, where inventory is low, competition is fierce and bidding wars are common, obtaining a mortgage preapproval has never been more important. In the face of multiple offers and fast-paced decisions, having a preapproval in hand...
by Kara Herbeson | May 7, 2021 | Blog
Labelled one of the most widely anticipated and important budgets of our time, Budget 2021, delivered on April 19th, lived up to its promise. The first budget in over two years and first since the outbreak of the global pandemic, Budget 2021: A Recovery Plan for Jobs,...
by Kara Herbeson | Apr 16, 2021 | Blog, Homeownership, Mortgage
Canadians are living longer and changing our society in significant ways. Expected to grow by 68% in the next 15 years, this surging demographic is heavily influenced by aging baby boomers, advances in modern medicine, healthier lifestyles, and an increased resilience...
by Kara Herbeson | Apr 2, 2021 | Blog, Economy, Finance, Productivity
Life has become increasingly complicated. As we navigate rotating shutdowns, on-again/off-again restrictions and dramatic changes to our daily routines, the possibility of missing important dates and deadlines is very real, as one day can often roll into the next...
by Kara Herbeson | Mar 5, 2021 | Announcements, Economy, Finance, Homeownership
Economic and future forecasting typically involves the calculation and analysis of a number of key variables such as inflation, interest rates, consumer confidence and unemployment. In today’s unconventional and unpredictable environment, additional considerations are...
by Kara Herbeson | Feb 19, 2021 | Announcements, Blog, Homeownership
For many Ontarians, buying a new home represents a more suitable option than buying resale. The residential construction industry represents one of the largest sectors in the country, with the Canadian Home Builders’ Association reporting that 25% of all homes...
