Articles with the Tag “Finding Home”
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Another Bank of Canada Rate Cut May Pull More First-Time Home Buyers Off the Sidelines
On March 12 the BoC reduced its benchmark rate to 2.75%, its seventh straight cut. This reduction coupled with recent changes to mortgage rules, may entice more first-time home buyers to the spring market. Here’s how an FHSA could help.
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Questions newcomers should ask the landlord or property manager before you rent
Getting ready to rent your first apartment or home in Canada? Before you sign your legally-binding lease, make sure you get answers to all of these important questions so you fully understand what your rent includes, what you can expect, as well as what you will and will not be able to do in your…
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Mortgage Rates Going Up or Down? What the U.S. Fed Rate Cuts Mean for You
In December, the U.S. Federal Reserve lowered its overnight rate by 25 basis points, marking its third consecutive rate cut. But mortgage rates in the U.S. haven’t followed suit. In fact, rates have gone up – not down – since the Fed began lowering rates in September. Why? Here we look at what really affects…
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Bank of Canada Interest Rate Announcement and New Mortgage Rules: What it Means for Homebuyers and Owners
The latest interest rate announcement, which revealed a reduction of 25 basis points, continues to signal good news for both current and prospective buyers — in the last year, rates have come down from 5% to 3%.
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When is the FHSA Contribution Deadline?
Mark the date on your calendar and find out how the First Home Savings Account can help you save for the future and on this year’s taxes.
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Another Bank of Canada Rate Cut and New Mortgage Rules
In its December 11 announcement, the BoC reduced its benchmark rate to 3.25%. This reduction complements upcoming new mortgage rules, designed to help reduce the barriers that exist for first-time homebuyers and renewers.
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TFSA vs RRSP vs FHSA: Your Top Questions Answered
Canadians now have three major registered investments accounts to choose from. Here’s how to determine which ones best meet your needs.
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Newcomer’s Guide to Finding your Home in Canada
This free guide for newcomers provides essential information, tips, and advice for renting or buying property in Canada.
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Saving for a down payment: Buying your first home in Canada
Homeownership is one of the most meaningful ways we plant roots in a community to declare we are here to stay. In this article, you will learn how to save for a down payment and additional ways to financially prepare to buy your own home in Canada.
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Understanding the Bank of Canada’s Monetary Policy Report: What It Means for Everyday Canadians
The Bank of Canada’s (BoC) latest Monetary Policy Report provides a comprehensive look at how its monetary policy is shaping critical aspects of the Canadian economy including inflation, employment, economic growth, and consumer spending. Here are some of the key highlights of the report and what they mean for Canadians: