Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (a longer lifetime equals more interest, whereas a shorter lifetime equals less interest but also bigger payments).
March 15, 2024
In January, the Canadian bond market took quite a beating as interest rates rose roughly 30 basis points from their recent lows. The December housing data revealed a surge in sales, while inflation data showed just how difficult it may be to return to the 2% inflation target.
“New Year, new you” may be a cliché but it is for a reason! The New Year always has us thinking about where we are now, and where we want to end up. When it comes to your personal goals, a review of your finances and estate should be at the top of your list.
December 15, 2023
Financial independence is a critical skill for future success that your children will not learn anywhere else. Not only does financial literacy help your children have more success in life, but it allows them to move out sooner and it avoids delaying your retirement with additional expenses to support them.
November 15, 2023
Before banks or lending institutions can consider loaning money for a property, they need to know the current market value of that property.
October 16, 2023
September 15, 2023
When it comes to saving money, there are a lot of little things you can do that add up to make a big difference! Here are 10 of my favourite money-saving tips to help get you started today:
August 15, 2023
The First Home Savings Account (FHSA) is specifically designed to help first-time homebuyers save for their down payment without having to pay taxes on the interest earned on their saving