Market Update!

Last update: January 26, 2024 The Bank of Canada (BoC)’s surprise decision to hold its key overnight rate at 5% this Wednesday sent ripples through the Canadian economy, most notably in the realm of mortgages. While many anticipated another hike, this pause offers a glimmer of hope for borrowers grappling with rising interest rates. But

Updated on: November 4, 2023 The BRRRR Strategy: Building Wealth Through Real Estate Investment If you’re a savvy real estate investor looking to maximize your returns, the BRRRR strategy is a powerful tool that can help you achieve your financial goals. This guide will walk you through the BRRRR method and how it can be

Updated on: October 25, 2023 Introduction In a move that has captured the attention of both economists and homeowners alike, the Bank of Canada has decided to keep the interest rate steady at 5.0%. This decision, which affects a wide range of financial aspects, has ignited discussions around mortgage rates and the inflation rate in

Last Update: September 6, 2023 Bank of Canada Keeps Overnight Rate Unchanged at 5% The Bank of Canada kept its benchmark interest rate unchanged at 5% on Wednesday, as expected by economists. The central bank said that it is “concerned about the persistence of underlying inflationary pressures,” but that it believes that recent evidence of

Last update: August 18, 2023 What is a Credit Score? In today’s financial landscape, your credit score plays a pivotal role in determining your eligibility for loans, credit cards, mortgages, and other financial opportunities. A credit score is a three-digit number that reflects your creditworthiness and helps lenders assess the risk of lending you money.

Updated: August 18, 2023 How to Improve Your Credit Score? A credit score is a three-digit number that represents your creditworthiness. It is calculated based on various factors, such as your payment history, credit utilization, length of credit history, new credit applications, and types of credit used. The most common credit scoring models range from

Table of Contents Last update: July 28, 2023 Introduction Owning a home is a significant milestone for many individuals and families. However, for most, purchasing a home outright is not financially feasible. This is where mortgages come into play, offering a way to spread the cost of a home purchase over several years. Mortgage amortization

Last update: July 12, 2023 Source: CTV News – Business According to the Bank of Canada, the key interest rate will rise by 0.25%, reaching a new level of 5%. This increase suggests a tighter monetary policy aimed at controlling inflationary pressures. The bank believes that this move will help moderate consumer spending, discourage excessive

Last update: June 9, 2023 Bank of Canada Hikes Prime Rate, Signalling More Pain Ahead The Bank of Canada raised its key interest rate by 0.25 percentage points on Wednesday, bringing the overnight rate to 4.75%. This is the highest level the rate has been since 2007. The central bank said it is raising rates