Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, Planning Your Move, Self Employed
The Bank of Canada (BoC) decided to increase their rate by another 0.50% on October 26 in their continuing effort to tame inflation. Many market watchers had been anticipating 0.75% and while this could be perceived as a slowing of these increases, many are still predicting another 0.25% to 0.50% increase in December when the BoC meets again. Although the most recent increase is in line with what we expected in our last blog post, the pain is real. Initially we were referring to the inflation situation as a once in a five year occurrence. At this point we’re referring to this as a once in a generation occurrence. Some of you will remember this but, the last time we saw anything approaching... Read more »
Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, Improving Your Home, In the News, Philosophy on Financial Wellness, Planning Your Move
Hey remember this guy? – How to score when the goal posts won’t stay still. We wanted to take a beat and wait for the Big 5 economists to weigh in on the Bank of Canada’s most recent 1.00% increase. They must be as surprised as we were because they have not...
Expanding Real Estate Portfolio, First Time Home Buyer, In the News, Philosophy on Financial Wellness, Planning Your Move, Self Employed, Successful Retirement Planning
With inflation numbers coming in higher than expected fuelled by a number of factors including supply pressures, lockdowns in China and even the war in Ukraine, the BoC has committed to increasing their rate very aggressively until they have achieved their “neutral...
First Time Home Buyer, In the News, Planning Your Move, Self Employed
Ok, we get that it’s hard to love higher rates but hear us out… Most of our clients with variable rate mortgages have seen rates rise before. Many of you had higher rates before you have enjoyed historic lows over nearly the last two years. We’re taking...
Expanding Real Estate Portfolio, First Time Home Buyer, Planning Your Move, Self Employed
So a licensed mortgage broker and a real estate agent walk into a bar. Just kidding, there’s no joke here because getting into today’s housing market is nothing to laugh at. If you know someone, or are someone who has embarked on the journey of buying a home in Canada...
Expanding Real Estate Portfolio, First Time Home Buyer, Planning Your Move
It’s a hot seller’s market this winter. In Hamilton/Burlington alone, the REALTORS® Association of Hamilton-Burlington (RAHB) reported a 41.6% increase in home sales in December 2020 over December 2019, however, there are 52.2% less active listings. This means: there...
