The Bank of Canada (BoC) released its latest Monetary Policy Report (MPR), and the outlook is optimistic. With the economy re-opening, vaccinations on the rise, and supply chains finding relief from the bottleneck they’ve experienced, the future looks promising. What impact does the MPR have on you? What are the implications for mortgages? Let’s take a look at some areas […]
This summer will undoubtedly be different than summers past. While we might usually look forward to family gatherings, BBQ’s at friends’ houses, and cottage weekends, we will likely still be socially isolating to some degree. The thought of staying inside when it’s warm outside and the sun is shining can feel heavy. But if you have a backyard there’s so […]
Talking about money is one of the last taboos and can make people feel very uncomfortable – a feeling that’s only amplified when it comes to talking about your parents’ money. However, when a conversation’s difficult, that normally means it’s worthwhile having; and getting transparency on your parents’ financial situation can help you help them make the best financial decisions […]
As I’m sure you know, Canada’s housing market is on fire, and has been for several years. According to the Canadian Real Estate Association (CREA), between April 2020 and April 2021 – despite a global pandemic – the average house price rose by a whopping 41.9%, rising to $696,000. And data from previous years is similarly impressive. This is, of […]