Many homeowners—especially those without a mortgage broker—don’t fully understand mortgage penalties. And I get it! Financing a home can be overwhelming. But if you’re considering refinancing, selling, making a lump sum payment, or need a way out, read this first. The most common mortgage penalty my clients encounter is a prepayment penalty. Did you know? […]

The Liberals, under the new leadership of Mark Carney, have secured a fourth consecutive term in office following Monday’s federal election, forming another minority government. With 168 seats—just shy of the 172 needed for a majority—the party will once again rely on support from the NDP or Bloc Québécois to advance its agenda. While the […]

Who loves some tax saving and money back? I wanted to share some valuable information about the First Home Savings Account (FHSA)—a new and powerful tool available to help first-time homebuyers save for a home more efficiently. What is an FHSA? The FHSA is a tax-advantaged savings account introduced by the Canadian government to help […]

Global Tariff Uncertainty Sidelines Buyers Canadian existing home sales plunged last month as tariff concerns again mothballed home-buying intentions. Consumer confidence has fallen to rock-bottom levels as many fear the prospect of job losses and higher prices. According to data released today by the Canadian Real Estate Association, existing home sales declined by 4.8% month-over-month. […]

Refinancing your mortgage can be a smart financial move for many reasons, and as your trusted mortgage advisor, I’ve seen how much it can benefit homeowners! Ideally, refinancing is done at the end of your mortgage term to avoid penalties, but the timing can vary depending on your goals. For some, it’s about unlocking the […]

Weak Canadian Job Creation Is The First Fallout From The Trade War Today’s Labour Force Survey for March was weaker than expected. Employment decreased by 33,000 (-0.2%) in March, the first decrease since January 2022. The decline in March followed little change in February and three consecutive months of growth in November, December and January, totalling 211,000 (+1.0%). The employment rate—the […]

  If you want to maximize returns on your gardening efforts, we’ve got 3 strategies to take you from garden simp to master plant manipulator. Strategy 1: Better late than early Seeds do best when they have an uninterrupted growth phase. So rather than having your plants stall out in a frost, wait 2 weeks (you […]

While most of Canada’s Big 6 banks expect the Bank of Canada to deliver at least one more interest rate cut this year, Scotiabank is standing firm in its view that the central bank is already done. While most of Canada’s Big 6 banks expect at least one more rate cut from the Bank of […]

The Bank of Canada lowers its benchmark interest rate to 2.75% In the face of significant geopolitical tensions, the Bank of Canada announced today that it has lowered its policy interest rate by 25 basis points. This marks the seventh reduction since June of 2024. Below, we summarize the Bank’s commentary. Canadian Economic Performance and […]

Trump has imposed tariffs of 25% on goods coming from Mexico and Canada, 10% on Canadian energy, and an additional  10% on goods from China. He justified these actions by claiming they would force Mexico and Canada to address issues related to undocumented migration and drug trafficking. However, while precursor chemicals for fentanyl come from […]