Financial Tune Up Archives - The Personal Mortgage Group

Financial Tune Up, Improving Your Home, In the News, Philosophy on Financial Wellness

Opt-Out of Time of Use Pricing

For homeowners who’ve been craving more control over hydro expenses, you’ve been heard. If you’re a homeowner who currently pays Time-of-Use (TOC) electricity prices you can now switch to Tiered prices (if you’d prefer it). Both models have merit. And having the choice means you can now select the pricing model that aligns best with your energy use habits at home. Time-of-Use Pricing If you pay Time-of-Use pricing, you pay for electricity based on the time of day you use it. Certain times of the day have higher prices because demand is higher, like noon-5:00PM. Other times of the day have lower prices because demand is lower, like 7:00 PM-7:00 AM. Tiered Pricing If you pay via Tiered...

Interest Rate Update August 2020

Is now finally the time to consider locking in? What a time of uncertainty! With the kids heading back to school in September, nearly all of the conversations we are having right now loopback at some point to the potential threat of a second wave. That second...

Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, Planning Your Move, Uncategorised

Boyce’s Real Estate Market Update (Or How I Learned to Stop Worrying and Embrace COVID-19)

Ok so maybe it’s too soon to stop worrying altogether. Although, after many weeks of uncertainty, it looks as though economists are sallying forth with fresh predictions about what a recovery will look like. After a very strong first quarter in housing, all bets are...

Financial Tune Up, First Time Home Buyer, Philosophy on Financial Wellness

Refinancing During Covid-19

Refinancing during COVID, is it a good idea? Our lender’s partners are continuing to operate and we are here to help. Whether that’s for a deferral of a mortgage payment or a consolidation of accumulated debt in a refinance. Or is it worth considering a...

Financial Tune Up, First Time Home Buyer, In the News

Rate Update – May 2020

With all of the economic upheaval in the last 2 months, we have seen the Bank of Canada drop their overnight rate down to 0.25%. It is projected to stay there for the foreseeable future. Any hope of an economic recovery is tied to a potential vaccine and until we have...

Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, In the News, Philosophy on Financial Wellness

Rate Update

The Bank of Canada dropped its overnight rate down by 0.50% as a response to the global economic slowdown resulting from the Covid-19 crisis Bank Prime was at 3.95% and will be dropping to 3.45%.For variable rate clients, you can expect to see your rate drop at the...