When should you jump into the housing market?
So the Bank of Canada (BoC) announced on March 6’24 that interest rates will remain unchanged. This decision was widely expected by the finance community. However, regardless of how smart…
Salary vs House Prices
What house price can you afford ? How much mortgage can you afford ? What formulas is used for mortgage amount assessment? Article Summary HOW MUCH SALARY DO YOU NEED…
Mortgage Strategies with Uncertain Interest Rates
The Bank of Canada (BoC) raised interest rates at the fastest pace in 20 years. Mortgage payments could rise by 60%. Will mortgage rates fall? When? By how much? …
How can I save for my child’s education with a recession coming?
It’s common knowledge that if you start saving early (like, one hour after you buy your child’s first diaper) you will be well on your way to hitting your RESP goals. But media…
Debt Consolidation
What should I do about my debt given rising interest rates? The Bank of Canada has hiked interest rates nine times since March, 2022 by 4.25%. There’s a chance more hikes are coming. One…