The Bank of Canada Announcement & What This Means For You.

General Trish Pigott 7 Jun

This morning it was announced that the Bank of Canada increased its rate by .25%. The rate went from 6.70% to 6.95%. The central bank’s key interest rate has not been this high since April 2001. After two consecutive rate pauses from the Bank of Canada, the bond market and the GDP are trending upward, […]

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How to Gift a Down Payment

General Trish Pigott 31 May

Some of the most common strategies for families and parents to assist children with down payment funds are means of gifted funds or co-signing. The Canadian banking system is very conservative in this process. All banks have to follow the Anti-Money Laundering process in Canada, so here are a few ways to allow significant funds […]

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How to Pay off Your Mortgage Faster.

Mortgage Tips Trish Pigott 24 May

When it comes to home ownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start […]

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What You Should Know About Mortgage Amortization

General Trish Pigott 17 May

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 (longer lifetime equals more interest, whereas a shorter lifetime […]

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Self-Employed and Seeking a Mortgage?

General Trish Pigott 10 May

Approximately 20% of Canadians are self-employed, that’s about 7.9 million people. Making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In order to obtain […]

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Renovating to Save Money.

General Trish Pigott 3 May

Are you planning on buying an eco-friendly home, or plan to make improvements to your home for energy efficiency purposes? Did you know that there are many incentive programs to support households make these changes? Under the Low Carbon Economy Leadership Fund, the federal government is helping British Columbians with financial incentives to help households […]

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How to Talk to Your Parents about Reverse Mortgages.

General Trish Pigott 26 Apr

Some more good information about Reverse Mortgages from the Dominion Lending Centres House Blog.  Talking about money is one of the last taboos and can make people feel very uncomfortable – a feeling that’s only amplified when it comes to talking about your parents’ money. However, when a conversation is difficult, that normally means it’s […]

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Bank of Canada’s April Announcement & What This Means For You.

General Trish Pigott 12 Apr

The Bank Of Canada announced this morning to keep their key overnight rate of 4.5%. As the Bank is still waiting to assess the impact of its previous eight consecutive rate hikes. Previous Bank of Canada announcement also decided to keep the current interest rate. But It was threatened that it was conditional, making it […]

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Are you 55+?

General Trish Pigott 5 Apr

Are you 55+? Or are your loved ones retired? Did you know that there is a great product for those 55+ to access their home’s equity tax free and not make any mortgage payments? A reverse mortgage is a versatile and flexible financial solution for Canadians in their retirement years. Homeowners 55+ are unlocking their […]

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