Mortgage Renewal Timeline: What to Review — and When Most borrowers don’t think about their mortgage until a renewal letter shows up. Fair. Life is busy — and renewal is marketed as “easy.” Sometimes, signing and moving on is the right move. But renewal is also a rare moment to confirm your mortgage still fits …
Mortgage Renewal Timeline: What to Review — and When Read More »
Bank of Canada Cuts Rate to 2.25% — What It Means for Canadian Borrowers On October 29, 2025, the Bank of Canada made a widely anticipated move: it lowered its key policy rate by 0.25%, bringing it down to 2.25%. That may sound like another small adjustment, but it’s actually a meaningful signal. The policy …
Bank of Canada Cuts Rate to 2.25% What It Means for Canadian Borrowers Read More »
With housing in high demand, many homeowners are turning untapped space into legal rental suites. A new mortgage program helps you do just that — while boosting your own property value. What Is “Refinance Plus Improvements”? This program allows current homeowners to refinance their mortgage and borrow additional funds to create a legal rental suite within their property. It’s …
Turn Your Home Into Income: The New “Refinance Plus Improvements” Mortgage Program Read More »
Disclaimer: This article is for educational purposes only. Always consult a licensed Canadian tax professional before implementing this or any tax strategy. In Canada, mortgage interest on your personal residence is not tax deductible — unlike in the U.S. But if you own rental property, the rules are different. The interest on loans used to earn rental income is deductible. This …
How to Turn Your Mortgage Into a Tax Deduction — Legally and Efficiently Read More »
As high school graduation season rolls around, many Canadian families are thinking about what’s next for their kids. If your child is heading off to university in another city, you might already be stressing over student housing — long waitlists, rising rents, and the unpredictable quality of rentals can make things complicated. But here’s something …
Helping Your Kids (or Parents) Find a Home: Buy with as Little as 5% Down Read More »
The Bank of Canada may have held its policy rate steady on June 4th—but that doesn’t mean there wasn’t big news. In In Conversation with Dr. Sherry Cooper, a virtual event many in the mortgage and finance space tuned into, Dr. Cooper shared key insights on the economic landscape, housing market trends, and what to …
What You Need to Know About the June 2025 Bank of Canada Update Read More »
As inflation climbs and investment markets stay unpredictable, many Canadians in or near retirement are feeling the pinch. If you’re property-rich but cash-poor, or concerned about drawing down investments at market lows, you’re not alone. Whether you’re looking to stay in your home, help a family member buy theirs, or simply free up cash to enjoy life, …
Are you feeling stuck in a high-interest mortgage with years left on your term? Many homeowners assume they have no choice but to ride out their contract—unless they can afford to pay a hefty penalty upfront. But what if you could break free from that high rate without dipping into your savings? Enter the Cash Back …
Unlocking the Cash Back Mortgage Strategy: A Smart Way to Escape High Interest Rates Read More »
The Bank of Canada (BoC) has lowered its overnight lending rate by another 0.25%, bringing it down to 2.75%. This translates to a Bank Prime rate of 4.95%, affecting borrowers with variable-rate mortgages and lines of credit. If you have a variable mortgage, you typically secure a discount off Prime. For example, with a Prime -0.70% rate, your …
Mortgage Update: March 13, 2025 – Bank of Canada Lowers Rates Again Read More »
Investing in home renovations can be a game-changer when it comes to boosting your property’s value. Whether you’re planning to sell soon or simply want to enhance your home’s functionality and aesthetic appeal, strategic upgrades can yield a strong return on investment (ROI). For many homeowners, financing these renovations can be a significant concern. This …
4 Home Renovation Projects That Add the Most Value to Your Property Read More »