Bank of Canada Rate Announcement Sept 7th, 2016
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per [...]
Use Low Rates to Your Advantage!
In an article I recently published called "Is Now a Good Time to Buy?" we identified that interest rates are at all time Canadian lows and as it's never been cheaper to borrow money, now is a good time [...]
Is Now a Good Time to Buy?
If you're getting tired of all the media headlines claiming impending housing market and economic doom and gloom, you're not alone. It seems every time you browse the news another US economist is predicting terrible things for [...]
A Conversation About Mortgage Pre-approvals
Thinking of buying a property, but don't know where to start? Well... that's where a mortgage pre-approval comes in. Start here. Just like you wouldn't go into a restaurant without having enough money to buy [...]
What is Mortgage Fraud?
Have you ever wondered about how to protect yourself from mortgage fraud? Although the chances of you becoming a victim of mortgage fraud is relatively small, if you do become a victim, it will certainly have a [...]
Negative-Yield Bonds – Pay to Save?
There is a good chance that if you skimmed the news headlines this last week, you passed right on over a piece called CIBC sells negative-yield bonds for 1st time. No one blames you, because let's face [...]
How (Not) to Consolidate Debt
By Sandi Martin of Spring Personal Finance.The point: it doesn’t matter what method you use to pay off debt, or if you use any method at all. What matters is that you stop creating new [...]
Finding Money For Closing Costs!
https://youtu.be/Tl-e7tIgcl0?list=PLlv-v0mrsq3pCHeE4XyXtT7Bb8RtJNRGZ If you are planning on purchasing a property in the next couple of years, here is a really good video that will explain how you can find some extra money to put away into [...]
How To Save $1 Million For Retirement
Starting to save early for retirement is extremely beneficial in the long run, especially if you have the dream of retiring with $1 million as so many Canadians do. It’s not an easy feat, but [...]
10 Tested, Proven Ways to Become Less Productive
Let’s face it: while there is an abundance of articles on how to become more productive, there aren’t a lot on becoming less productive. With that in mind, I decided to put this article together. [...]