The Age Old Question: Fixed or Variable?

The Age Old Question: Fixed or Variable?

The Bank of Canada has hinted at increasing mortgage rates in the near future. With this, many banks have already increased their fixed rates. I have had many discussions with people wondering what to do when it comes to getting a new mortgage or what they should do...
US Fed Raises Interest Rates By .25%

US Fed Raises Interest Rates By .25%

The US Federal Reserve has increased interest rates by 0.25% for the first time since 2006. In it’s statement, the committee said: “The committee judges that there has been considerable improvements in labor market conditions this year, and it is...
Rate Cut? What Does This Mean for Me?

Rate Cut? What Does This Mean for Me?

The Bank of Canada has shocked the market by cutting the overnight rate by 25bps to 0.75%. This puts the prime lending rate in Canada down to 2.75%. The BofC commented the rate cut was due to the economic threat of the drop in oil prices. What this means to you: For...