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Jun/11/2019

Unless you’re an economist, you’re likely not overly familiar with the Bank of Canada Act. But this Act nevertheless plays an important role in the lives of many Canadians (particularly those with variable interest rates). Not only does it dictate the Bank of Canada’s mandate—but it’s also the driving force behind Canadian monetary policy.   […]

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May/22/2019

If you own your own business—or if you’re buying a home with someone who does—you understand how difficult it can be to qualify for a mortgage in today’s environment. Fortunately, as many self-employed individuals across Canada are discovered, there are options at your disposal—although you may have to pay more for them. According to this […]

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May/15/2019

We’re in an interesting mortgage phase right now. According to this article in the Globe, savvy homeowners are opting for five-year-fixed mortgages rather than variable. Why the aversion to variable rates? Well, unlike last year at this time, five-year-fixed mortgages are either on par with—or close enough to—variable rates that many believe taking on the […]

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May/08/2019

If you’re in the market for a mortgage, you’ve likely heard that you will have to undergo a “mortgage stress test”—but do you know what that really is? Or what it will take to “pass” it? If not, you’re not alone—a recent study by TD reveals 43 percent of Canadians aren’t confident in their knowledge […]

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Mar/18/2019

Have you ever found a super low rate on the Internet only to discover—upon speaking with your bank—that you weren’t eligible for it? If so, you’re not alone. There are countless reasons why the great mortgage rates you find online aren’t all that they appear to be—and this article in the Globe outlines five of […]

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Mar/15/2019

Remember when, on September 7, 2017, the world found out about a massive Equifax breach? Almost 140 million consumers learned, that day, that their Social Security numbers, driver’s license numbers, information from credit disputes and other personal details had been stolen. And yet, 1.5 years later, no one knows what the perpetrators plan to do […]

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Mar/08/2019

“Financial independence, retire early”—or FIRE—is a savings strategy that first made waves in the 1990s. People who use FIRE to fast-track their retirement attempt to live extremely frugally in the hopes of socking away 50% of their annual earnings, or more.   When you hear about people who paid off their mortgage in two years—or […]

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Jan/31/2019

Given the frigid cold temperatures most of us experienced last week, it’s understandable that your furnace was working overtime—but was it working harder than it had to? If some areas of your home were colder than others—or if it felt like cold draft were leaking through—it may be time to check the energy efficiency of […]

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Jan/11/2019

When it comes to running a household, everyone has one task they really dislike. Maybe it’s emptying the dishwasher 20 times a day. Or doing laundry (and folding it and putting it away). Or cleaning. Or maybe it’s just really tough to find time to go grocery shopping multiple times a week.   Well, fortunately, […]

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Jan/04/2019

For some people, home decorating just comes naturally—they’re just instinctively able to choose a unique paint colour or colourful rug that totally ties a room together. For others? Well, let’s just say we’re not all that gifted. Which often leads to boring beige homes or rooms that just don’t “feel” right.   Fortunately, for the […]

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Dec/21/2018

It’s December, which means—after endlessly recounting “the year that was”—media outlets are going start predicting the year head. And more often than you’d like to hear, they’re going to predict the future of real estate. There is arguably no industry more prone to future-gazing than the mortgage industry. This article in the Globe, for instance, […]

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Dec/21/2018

While the dream of home ownership is still a dream for many, it often doesn’t seem like an attainable one if you live in a more expensive market. So when should you pull the trigger—and stretch yourself more than you’d really like to be stretched, financially speaking—and when does it make sense to continue renting? […]

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Dec/21/2018

If you’ve ever stayed at an AirBnB, chances are you’ve thought about renting out a place yourself. Or is that just me? Anyway, the idea of buying a cottage or dream retirement spot—a place you’d only use on occasion—and paying off the mortgage with AirBnb earnings seems great in theory. But is it feasible? Apparently […]

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Nov/23/2018

Between ice, snow, sleet and gusting winds, Canadian winters are tough—on us and our homes. It can also become a rather costly time of year if your house isn’t properly winterized before a deep freeze sets in. To avoid higher energy bills, expensive furnace repairs, or burst pipes, you need to make sure every potential […]

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Nov/13/2018

If there’s one upside to cold weather, it’s the warm comfort food we’re allowed to indulge in guilt-free. If you’re looking for a new recipe to add to your weekly rotation, below are a few easy (and tasty!) ones that have been bit hits in our households lately. One pot chicken and sage dumplings Think […]

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