education
-
How Many Rate Hikes is the Bank of Canada Expected to Do?
The Bank of Canada is expected to deliver two more hikes through 2027, bringing the Prime Rate to 5.20%. However, global energy prices and mortgage market dynamics may moderate this timeline. How Many Rate Hikes is the Bank of Canada Expected to Do? (And What It Means for BC Homeowners) With the Bank of Canada…
-
Remote Work Mortgage Canada: Rules, HR Letters & Down Payments
Can I Get a Mortgage While Working Remotely in Canada? Getting a mortgage while working remotely in Canada has become increasingly common, but navigating lender guidelines requires more than standard paystubs. While working from anywhere sounds like a dream, getting a mortgage while doing it can sometimes be a challenge. Lenders have specific rules for…
-
How do you know when you have enough money to retire?
How Do You Know When You Have Enough to Retire? It is the million-dollar (or sometimes multi-million-dollar) question: How do you know when you finally have enough money to retire comfortably? When you’re trying to map out your long-term financial future, the 4% rule is a fantastic place to start. While it isn’t perfect, it…
-
Pay Off Mortgage or Invest? The 5% Dilemma for Canadians
Pay Off Your Mortgage or Invest? How Canadians Can Do Both at 5% Interest With 5-year fixed mortgage rates hovering near 4.99% across most Canadian financial institutions, homeowners have reached a critical psychological benchmark: 5.00%. At this threshold, many Canadian homeowners and investors face a classic financial dilemma: Does it make sense to pay off…
-
Will an Inflation Wave Hit Canada? What Energy Prices Mean for Interest Rates
Is Canada facing a renewed wave of inflation, and how will the Bank of Canada respond? To understand where monetary policy is heading, we need to look at the macroeconomic indicators leading the market: energy prices, bond yields, and central bank policy signals. Lessons from 2022: Energy Prices, Bond Yields, and CPI The last time…