General Trish Pigott 8 Feb
With RSP season right around the corner, now is a good time to understand some of the limits and important dates for 2022. What is the 2022 limit for RRSPs? For the 2022 taxation year, the contribution limit for an RRSP is 18% of earned income. While the percentage has not changed for a number […]
Read MoreLatest News Trish Pigott 4 Feb
Last week the Bank of Canada announced that they would leave the overnight target rate unchanged but has given indications that they will begin raising rates back to a normal pre-pandemic level going forward. This is good news for Variable Rate Mortgage holders, those with lines of credits or loans tied to your banks prime […]
Read MoreGeneral Trish Pigott 7 Dec
In line with the Bank of Canada’s forecast, the economy rebounded sharply in the third quarter following the weak performance in Q2. Stats Canada announced this morning that GDP grew by a whopping 5.4% in Q3 following the downwardly revised 3.2% earlier in Q2. As pandemic restrictions phased out and businesses resumed normal operations, […]
Read MoreGeneral Trish Pigott 4 Nov
Here we are once again at a cross road to either lock in or remain in your ultra low variable rate mortgage. Basically we are sitting at all time historical lows with mortgage rates. We have never seen the Bank of Canada reduce rates to this level which in turn affects the Prime rates which […]
Read MoreGeneral Trish Pigott 28 Oct
The Bank of Canada surprised markets on Oct. 27th with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated October Monetary Policy Report (MPR) in which its key messages were: * The Canadian economy has accelerated robustly in the second half. * Labour markets have improved, especially in the […]
Read MoreGeneral Trish Pigott 19 Oct
There has been a lot of chatter in the markets over the past week about fixed rates rising. This is mainly due to the government bond yields continuously rising which in turn will impact fixed mortgage rates. While many are enjoying the benefits of ultra low rates since the start of the pandemic, we could […]
Read MoreGeneral Trish Pigott 15 Oct
When it comes to finding your perfect home, there are so many more options for potential homeowners! From a single-family dwelling to a townhouse to a modular home, the choices are seemingly endless. Before you start widening your search, let’s take a look at what makes these home types different – and which one is perfect […]
Read MoreMortgage Tips Trish Pigott 14 Oct
Buying a home is one of the most important financial decisions you will make. It’s common for a first-time homebuyer, or even someone who is experienced in the process, to feel overwhelmed when it comes to industry jargon. To help you understand the process and have confidence in your choices, I have put together some […]
Read MoreMortgage Tips Trish Pigott 13 Oct
Refinancing your mortgage refers to the process of renegotiating your current mortgage agreement for a variety of reasons. Essentially, refinancing allows you to pay off your existing mortgage and replace it with a new one. There are a variety of reasons to consider mortgage refinancing, such as wanting to leverage large increases in property value, […]
Read MoreGeneral Trish Pigott 12 Oct
Part of trying to be the best team we can for our clients is staying aware of what questions can we easily answer and help with. The biggest topic we see searched is for mortgage calculators. We have an app that can help with that! The My Mortgage Toolbox application was designed to make it simple […]
Read More