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Posted 2 Comments on As expected, rates are beginning to fall Bank News

As expected, rates are beginning to fall

Some good news on mortgage rates…

Mortgage Brokers are receiving good news this week from many financial institutions.  Wholesale fixed mortgage rates are falling.  Great news for anyone buying, refinancing or renewing their mortgage in the near future.  

The news comes as a reaction to lower than expected inflation rates. We saw  2.7% vs the expected 2.9% reported.  And the US economy is finally seeing signs

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Posted Consumer Debt

Why your groceries, homes and rents cost more. A Critical Analysis

The Bank of Canada put out a report entitled   What drives up the price of groceries?

They could have easily simplified the title to say “What Drives Up the Price of Everything”.  Their answer is the cost of ENERGY and the cost of labour. I’m going to remind you that this report is from the Bank of Canada.. “a Crown corporation that is separate from the political process” as their website says.   

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Posted 1 Comment on How To Navigate Three Common Mortgage Scenarios Debt

How To Navigate Three Common Mortgage Scenarios

It’s a confusing time to be a homeowner. Rates are up, and everyone has an opinion on what will happen next. It’s easy to get sucked into social media rabbit holes and make decisions motivated by fear. But at times like these, it’s crucial to block out the noise and do what’s right for you.

To that end, here are three common scenarios along with my recommendations on how to save money and hang onto some peace of mind.

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Posted Money saving tips

Multigenerational Housing: What We Can Learn From the Old Country

Parents are helping their adult children buy homes now more than any other time in history. It makes sense: housing is unaffordable, so why wouldn’t baby boomer parents help lighten the load? There’s a similar trend picking up steam however that’s a little more surprising: parents and children buying multi-unit homes together.

It makes a ton of sense if you think about it. Two or three unit homes could solve a lot of problems for multigenerational families. Interestingly enough, as novel as it sounds, there’s nothing new about this idea. In fact, it’s been happening in Europe for centuries.

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