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The Majority of First-Time Homebuyers Spend All They Can Afford

Millennials have made up a substantial portion of homebuyers in recent years and based on the 2018 Mortgage Consumer Survey, they continue to do so, representing just under 49% of first-time buyers. Although this is a decrease from 60% in 2017 and 58% in 2016,...

Ownership of Residential Property by Non-individuals

New data released from the Canadian Housing Statistics Program provide information on ownership of residential properties by non-individuals in Nova Scotia, Ontario and British Columbia. The Canada Mortgage and Housing Corporation published a report using these new...

Resolution broken already? Try a wellness goal instead

Many of us make New Year’s resolutions every January. But statistics show that 80 per cent of people who make them will have broken them by end of January. If you feel like this is you, don’t fret. Most of us can agree, especially with recent holiday indulgences, that...

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4 per cent...

Find a mortgage that works best for you

Is your current mortgage up for renewal? Are you looking for additional funds? Or maybe buying the home of your dreams? Get a mortgage that not only meets your unique requirements, but also helps you get ahead by being more “debt effective”.