The breakneck pace of technological change has fundamentally affected the way industries operate and innovate, and banking is no exception. Accessing financial services online has been the norm for years now, with an overwhelming majority of the population using digital channels for most banking transactions. The infrastructure that makes all of this possible, routinely processes […]

How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. Maybe you know that tens of thousands of Canadians are using a reverse mortgage as part of their financial plan. But did you know that there are 7 common […]

Life happens. Protect your family and the family home to ensure that it will always be there, no matter what life deals you. This is an optional term insurance which ensures that if there are multiple borrowers, and one passes away, the remaining mortgage will be covered and paid out.

Q4 economic growth was much stronger than expected, as was the flash estimate for January ’21. This could help explain why interest rates have risen so fast recently and could portend a more optimistic statement from the Bank of Canada next week. This morning’s Stats Canada release showed that economic growth in the final quarter […]

I’ve got good news and bad news. The bad news is: we’re not getting any younger. The good news is: we’re not going away anytime soon, either, as life expectancy for Canadians is higher than ever before! At least, I think that’s good news—check back with me in 2050 and let’s see how we all […]

Bond yields and commodity prices surged around the world yesterday as confidence in a vaccine-induced rebound increases. Canadian 5-Year Bond Yield Surges In an unprecedented move, bond yields are spiking around the world. Yields globally are now at levels last seen before the coronavirus spread worldwide. At the same time, commodity prices are surging, including […]

When your mortgage application goes through the approval process, they are not only looking at you, but also the property in question. In fact, sometimes when an application is denied it has nothing to do with you, and everything to do with the property. To improve your chances of success when it comes to financing, […]

So you want to make a major home renovation. Congratulations! Now, you’ve got to find the right contractor for the job. While doing a thorough online search or asking family and friends is an important first step, once you find a potential contractor, it’s time to start treating the process like a job interview. Being […]

Selling your home can be an extremely stressful experience. Between thinking about moving logistics and financials, it’s easy to miss the small details in between the process. With that in mind, we’ve built this checklist for selling your home to help you keep track of the things that will get a potential buyer interested. Turns […]

Buying your biggest asset is not always easy. You need cash on closing above just your hard saved down payment, which are known as closing costs such as taxes, lawyers and appraisers – just to name a few. Mandatory closing costs can range between 1 and 4 per cent of the purchase price.