Mortgage Penalties

Mortgage Penalties

When shopping for a mortgage very few of us are thinking about the penalty associated with breaking your new mortgage. In fact, I would bet almost none of us think we are going to break our mortgage during the term. Otherwise, why wouldn’t we select a shorter...
Bank of Canada Rate Announcement

Bank of Canada Rate Announcement

The Bank of Canada has maintained overnight rates. This means the bank’s prime rate will remain at 2.85%. Some key highlights in the Bank of Canada’s release are: Total CPI inflation in Canada has fallen as expected due to the drop in oil prices. Lower...