Archive for June, 2024

  While the recent news of the Bank of Canada’s rate change -.25% may have caught your attention, it’s essential to understand its direct relevance to your financial situation. If you’re currently with a fixed-rate mortgage, this change may have a limited impact on you. The Bank of Canada’s overnight lending rate, which is the rate that has been reduced, only impacts variable-rate mortgages and products. However, on the bright […]

  Canadian inflation has fallen considerably for the past four months. Excluding shelter, inflation is a mere 1.6%. While the job market was relatively strong in April, the unemployment rate continues to rise. Job growth, though strong, is not keeping up with the surge in working-age immigrants. GDP growth was likely about 2.3% in the first quarter, but per capita GDP is falling. Moreover, economic activity will likely slow to […]

  Creating a pet-friendly home involves considering the comfort, safety, and well-being of your furry friends. Here are some home features to consider: Durable Flooring: Choose scratch-resistant and easy-to-clean flooring like hardwood, laminate, or more durable tile options. Avoid carpets if possible, or choose pet-friendly carpeting that’s stain-resistant. Pet-Friendly Fabrics: Choose furniture and upholstery made from pet-friendly fabrics like leather or microfiber that are durable and easy to clean. This helps in […]

  If you’re carrying high-interest debt on credit cards or loans, it can be challenging to make ends meet each month. However, refinancing your mortgage may be the solution to your financial woes. By refinancing, you can consolidate your debt into one manageable payment and save money on interest. Here are some of the benefits of refinancing your mortgage to pay off high-interest loans or credit cards. Refinance up to […]