broken appliances

When you buy a home, do you include the appliances?

Have you ever planned a long needed vacation just to have something more urgent interrupt your plans before you even get a chance to relax? How about the times when just as you “touch wood” for making a casual declaration like “I never have issues with my car. It’s always reliable” just to have something go wrong? Well Karma works in funny ways and house purchases are no exception.

Say No to another home owner tax

Have you heard about the Municipal Land Transfer Tax?

Currently, as a home buyer you will pay a Provincial Land Transfer Tax.  This adds thousands to the home purchase.  This may change in the future if the province grants Municipalities the authority to collect additional tax revenues by way of a Municipal Land Transfer Tax.  Toronto buyers currently pay a Provincial and a Municipal

Longer or shorter? Your amortization affects how much your mortgage really costs.

    Choosing the length of your amortization period, which means the number of years you will need to pay the full balance of your mortgage, is an important decision that can  affect how much interest you pay over the life of your mortgage. Historically, the banking industry’s standard amortization period has been 25 years,

Cdn Mortgage Rates

Bank of Canada signals low rates for longer

The Bank of Canada announced on July 16th, 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent.   The overnight rate has not moved in almost four years, and the Bank’s July announcement and accompanying Monetary Policy Report (MPR) suggest the most likely scenario right now is that the overnight

Interest Rates

Bank of Canada holds interest rates steady

The Bank of Canada announced on April 16th, 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent, where it has been parked since September 2010. The Bank also published its latest quarterly Monetary Policy Report and updated its economic growth and inflation forecasts. The Bank’s global economic growth outlook remains