Everything You Need To Know About Porting A Mortgage In Canada: The Saturday Weekend Review #241

IT’S WORTH KNOWING THE INS AND OUTS OF YOUR MORTGAGE   It’s true and certainly something to always be mindful of, “It’s not about how much money you make, it’s how you save it.” When it comes to porting a mortgage in Canada, there are some things like interest rates that you need to factor into the equation, and we will cover these in detail in this article. Homeowners in Canada, and potential homeowners are faced with many important questions when it comes to mortgages. We are living through interesting times with respect to interest rates. The Fed is expected to raise rates further before the end of 2017, the Bank of England is clearly on a similar trajectory, and in time the European Central Bank will move away from quantitative easing towards quantitative tightening. What does this mean for mortgage holders around the world?   The Canadian Economic Scene   In Canada, the current bank rate is 1%. The BOC (Bank of Canada) decided to maintain the overnight rates when it met on Wednesday, 21 October 2017. The Bank of Canada forecasts that inflation will hit 2% by Q2 2018, later than economists projected. In 2017, real GDP grew […]

5 Tell-Tale Signs It’s Time To Sell and Look For a New House : The Saturday Weekend Review #131

SHOULD YOU PUT YOUR PROPERTY UP FOR SALE?   Not everyone wants to move after they are settled into their home but over time there are some tell-tale signs that looking for a new house might be right. While I was taking a break at work a couple of days back I was having a conversation with a colleague about his family home and his thirst to buy a new house. Not only were they drooling after a new house they had already started the process of looking at MLS Listings (Multiple Listing Service). Not wasting any time I said to him,”I thought this was your new house?” He laughed at me but then said that sadly they didn’t want to go but feel compelled to move on. I guess his family has lived in the house for 2 years but there are many reasons it’s time for them to leave and find a new house to live in. Mrs. CBB and I have lived in our house since 2009 and although there are some things we wish we had included in the purchase of our new house we aren’t quite ready to sell yet. For example, our next house […]

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