by Karen Wotherspoon | Sep 3, 2021 | Blog, Finance
Building a new property from the ground up is an exciting challenge as you get to customize your home based on your family’s specific wants and needs. The building process as well as construction financing is much different than the typical homeownership journey, so...
by Karen Wotherspoon | Aug 20, 2021 | Blog, Homeownership, Mortgage
“OK boomer”. This common, cross-generational catchphrase with a hint of affection and a heap of irony is used by younger generations when speaking to those whose opinions and outlooks are perceived to be out of touch. Just the same, Canada’s boomers (aka Baby Boomers)...
by Karen Wotherspoon | Aug 6, 2021 | Blog, Homeownership, Mortgage
There are many social and cultural factors that influence homebuying trends, but perhaps none more so than the period of time we were born. Connected by shared values, attitudes and behaviours, generational groups tend to make decisions based on their place in the...
by Karen Wotherspoon | Jul 16, 2021 | Announcements, Blog
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate....
by Karen Wotherspoon | Jul 2, 2021 | Blog, Homeownership, Mortgage
If you’ve missed mortgage payments or you’re anticipating difficulties moving forward, you should always deal with this as early as possible. Periods of financial difficulty are not uncommon and there are several options available to avoid an ultimate foreclosure. ...
by Karen Wotherspoon | Jun 18, 2021 | Blog, Economy, Homeownership, Mortgage
As a homeowner, refinancing your mortgage allows you to capitalize on lower interest rates, access your home’s equity, consolidate debt or even reduce your monthly payments. In simple terms, a mortgage refinance involves breaking your current loan agreement...
