Is Canada Going into Another Recession?
When the global financial crisis hit in 2008 and much of the world went into a recession, here in Canada we felt pretty safe. Sure we may have dipped into a recession slightly for a short period of time. But for the most part our economy kept churning, and we kept spending in order to…
Read moreBoC Holds Rate Steady
Happy second anniversary! It’s been two years since there’s been any increase to the overnight rate here in Canada and to celebrate, Bank of Canada governor Mark Carney has held the interest rate right where it is. For the time-being. While Mr. Carney certainly pointed (again) to the fact that interest rates won’t stay this…
Read moreWhat is a Readvancable HELOC? And why should you Get One Now?
November 1 is fast approaching and homeowners must start organizing their mortgages and making sure they’re all set up just the way they like them before this deadline hits. But what is it about this deadline two months away that’s making so many people panic and pull out their mortgage papers? It’s the day the…
Read moreReal Toronto Condo Trouble
Talk about a bubble bursting all you want. For many Toronto condo owners, the problem lies not within rising property values or a market that’s far too hot. It’s about putting your trust in the wrong hands. Those condo owners are the ones who purchased units that belonged to Channel Property Management. Channel was overseen…
Read moreNot all Boomers Downsize
The thought that Baby Boomers get older, sell their big family home, and move into something smaller such as a condo is one that many of us assume will happen automatically. And while it does make sense for Boomers to downsize, and even though some really want to, others simply don’t. Some Boomers love living…
Read moreThings to Consider when Buying a Fixer-Upper
As we talked about earlier today, buying a fixer-upper can be a real opportunity, but it can also be a money pit. Not to mention relationship-destroyer, and time-gobbler. So, how do you know when you’re looking at opportunity and not DIY disaster? First, you need to determine whether or not you can really afford to…
Read moreShould You Buy a Home that Needs TLC?
It’s a question many homebuyers ask themselves while they’re out house-hunting. Should you buy a home that’s move-in ready and has all the latest fixtures and updates (or at least ones you can live with); or should you try to save some money and buy a home that needs some fixing up? These are good…
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