by Peter Lirantzis | Jan 7, 2022 | Blog, Economy, Homeownership, Mortgage
For its final announcement of the year – on December 8th, 2021 – the Bank of Canada (BoC) maintained its target overnight interest rate at 0.25% with the expectation that a rate hike would occur in the second or third quarter of 2022, possibly in time for the spring...
by Peter Lirantzis | Dec 24, 2021 | Blog, Finance
As we stand poised to say goodbye to another year dominated by the global pandemic, we find ourselves once again faced with the challenges of a persistent and pervasive variant. With hopes and plans for a fresh start, the emergence of a new year represents the perfect...
by Peter Lirantzis | Dec 17, 2021 | Blog, Mortgage
There are times when it makes good financial sense to break your mortgage early. This can include when you choose to take advantage of lower interest rates, pay down debt, renovate or even pay for your kid’s tuition. But, regardless of your reasoning, it’s important...
by Peter Lirantzis | Dec 10, 2021 | Blog, Mortgage
Saving up for a down payment is the number one obstacle faced by first-time homebuyers, especially as property sales prices continue rising. Did you know that your parents or other immediate family members can often “gift” money to you for use towards your down...
by Peter Lirantzis | Dec 3, 2021 | Blog, Homeownership
Multigenerational living is more popular than ever before during the current real estate boom as more Canadians pool their resources with parents or grandparents and buy a single property to make homeownership more affordable. Multigenerational homes enable...
by Peter Lirantzis | Nov 26, 2021 | Blog
The holiday season is in full swing – merchandise has been donning retail shelves for weeks, malls are fully decked out, and holiday commercials and TV specials are boosting our festive spirit. Emerging well before Halloween, this blast of merriment may seem a bit...
by Peter Lirantzis | Nov 19, 2021 | Blog, Homeownership, Mortgage
If you’re in the market to buy a home and wondering about the first step, start by creating a comprehensive checklist to help navigate the process and ensure you’re prepared for everything that’s involved. One of the items that should appear towards the top of that...
by Peter Lirantzis | Nov 12, 2021 | Blog, Finance, Mortgage
Are you feeling anxious about cashflow leading up to the holiday season? If so, you may want to consider refinancing your mortgage to access some home equity as opposed to letting interest build up when you charge your purchases to credit cards or credit lines. ...
by Peter Lirantzis | Nov 5, 2021 | Blog, Homeownership
They say that money doesn’t grow on trees but, over the last 20 months, it started to feel as though maybe it did. If you were one of thousands of Canadians who thought of building a new house or renovating your existing home after the global pandemic hit, you know...
by Peter Lirantzis | Oct 29, 2021 | Announcements
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’s extraordinary forward guidance on the path for the overnight rate is being...
