We have had a week now to reflect on the recent  government changes to mortgage policies. While it may not effect a lot of you, there are probably some of you, or you know someone who this may effect. The policies do not come into force until March 18th, (however, last time this happened, several […]

We would like to give a big THANK YOU for all the support we recieved with Neighbourhood Baby 2010!! This past weekend we just droped off our third load of donations!!  The first two loads went to the ‘David Busby Street Centre’ in Barrie and the third load went to ‘The Blue Door’  in Bradford that supports families going through […]

Flaherty tables new rules to curb household debtBy David Akin, Parliamentary Bureau Chief Last Updated: January 17, 2011 8:15am OTTAWA – The federal government Monday tabled a series of new rules aimed to curbing what it sees as the growing problem of household debt. Finance Minister Jim Flaherty is changing the maximum length of most […]

At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. And purchasing a home is one of the biggest decisions most people ever make. Ultimately, the decision is a personal choice, but it helps to look at the pros and cons of buying […]

The Bank of Canada did not change their rates this morning, as expected. The Bank’s announcement speaks to the changes in their position on Canada’s growth and that of the global market. Mr. Carney clearly comments that “the global economic recovery is entering a new phase.” “The economic outlook for Canada has changed. The Bank […]

Mortgages in Canada are generally amortized between 25 and 35 year terms. While this seems a long time, it does not have to take anyone that long to pay off their mortgage if they choose to do so in a shorter period of time. With a little bit of thinking ahead, and a small bit […]

Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good stable investment over time, and one which many Canadians […]

Bank of Canada has increased Prime 1/4%, making Prime rate 3.00%. It could have gone either way but it was felt Canada’s economy was strong enough to warrant another tightening. The Bank of Canada has therefore raised its overnight rate target to 1%, from just 0.25% three months ago. To summarize the Bank’s written statement today: “…Consumption growth is […]

The bond rate continued to drop the past week. It’s now at the lowest level in 2010. Weak economic news from around the world has been the main driving force. If this continues to stay in these ranges, I expect the Bank of Canada may halt the projected increases in prime rate. The recent drop in […]