Just How Affordable is a Toronto Mortgage?
Toronto real estate has been in the hot seat for awhile now. It’s far too active, prices are still too high, and there’s an overstock of inventory on the market right now that one day, is going to bite builders in the but. But is this city really too pricey for most? Or is it…
Read moreIs BMO’s Rate Cut the First of Many We’ll See?
Last spring was a tumultuous time for the mortgage market – especially if you were Finance Minister Jim Flaherty. Mortgage interest rates were at rock-bottom lows (and still are,) we didn’t have the strict mortgage rules that are in place now, and banks started to compete for business. Seriously compete for business. Most of them…
Read moreWill the Bank of Canada Lower Rates this Week?
The word has long been that Mark Carney, Bank of Canada governor, would soon be raising interest rates now that the near-crisis in housing seems to be dying down, and government officials continue to become increasingly worried about debt. But whether or not that rate will be increased is something we’ll all see this Wednesday,…
Read moreShould You Give Kids an Allowance?
Over the course of a child’s life there are many difficult decisions parents have to make. And one of them is whether or not to give their children an allowance. Just like anything else, there are arguments both for and against the case of giving kids money for doing virtually nothing. So, which one is…
Read moreCan Canada Post Charge to Set Up Mailboxes?
As if home builders weren’t having a hard enough go of it in today’s housing market. With an overstock of supply in many markets, as well as a softening housing market that doesn’t hold near the interest to buyers that it did a year ago, builders and developers have had to scale back on the…
Read moreShould CMHC be More Honest about Foreclosures?
CMHC has landed itself in some pretty hot water, jumped right out and dried off a bit, and has since remained only slightly damp (and warm.) The Crown organization that is largely known for issuing mortgage insurance but in fact takes on many roles, has recently been accused of all kinds of misdoings and sketchy…
Read moreWhat do You Think about Payday Loans?
Over a year ago we published a piece about whether payday loans should be criminalized or not, and the erroneous fees and interest they can often charge, putting borrowers in a vicious cycle of borrowing only to use their next paycheque almost entirely for paying those costs back. When they once again find themselves short…
Read more
Contact Us
Contact us today to set up an appointment.