Mortgages

All articles about mortgages

The Lesser Known Specialist You Need On Your Financial Planning Team

A New Year is considered a fresh start to many, so what better time to give some attention to your finances if you have been neglecting them or let them become a little disorganized? There is a lesser known specialist most Canadians are missing from their financial advisory team that can help you get things …

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The Ethics of Financial Advisory: What’s Behind the Curtain?

It’s foolish to expect that someone else is going to care about your money more than you do, so rather than blindly trust a so-called expert to handle your wealth – make sure you understand what’s really going on behind the scenes. Ethical Challenges in Wealth Advisory Ethics are a challenge in many professions, but …

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The Basis of the Mortgage Market

As we all know, real estate financing plays an integral role in the affordability of real estate to most Canadians. In fact, every 1% increase in residential mortgage rates literally ends the dream of home ownership for thousands of Canadians. When these rates play such an integral role in the availability of housing for Canadians, …

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Why a Rising US Stock Market Impacts Canadian Mortgage Rates?

Typically, when we see stock markets rallying up we also see bond yields go down, and many ask the question “why does this happen?”. What’s important to keep in mind as mortgage consumers or bond market investors is that bond (debt) markets and stock (equity) markets are all essentially competing for investment dollars at some …

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Why Investment Property Mortgage Interest Rates Will Rise – Even if Mortgage Rates Stay Flat

With new mortgage rules in effect and regulators closely monitoring credit policy in Canada, there has been much conversation about the impact on real estate prices and whether the changes will slow the pace of residential real estate appreciation. Only time will tell how regional based foreign home buyer taxes, tougher mortgage rules, and growing …

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Borrowing to Invest – Part 1 of 3

Borrowing to invest (otherwise known as financial leverage) is a personal finance strategy where someone borrows funds for investment purposes. Due to the uncertainty of investment returns and the fact there is borrowed money at stake, borrowing to invest is a riskier a strategy than buying the same investments without debt. When borrowing to invest, …

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5 Key differences between TFSAs and RRSPs (and how to use them to save money)

1. RRSP contributions are tax deductible. TFSA contributions are not tax deductible. With a TFSA, you can’t deduct your contribution on your tax return. This means that the money you put into a TFSA is funded with after tax dollars. Conversely – with an RRSP you can deduct your contribution on your tax return which …

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