by Zohreh Fayaz | Aug 18, 2023 | Blog, Finance, Homeownership, Mortgage
With all of the rate increases over the past year – following several years of historically low rates – many mortgage borrowers are concerned about increased mortgage payments, regardless of whether they’re currently in a fixed-rate or variable-rate mortgage. In many...
by Zohreh Fayaz | Jun 20, 2023 | Blog, Finance, Mortgage
As Canadian households grapple with mounting debt and rising interest rates, one area seems to be holding steady amidst the storm: mortgages. While credit cards and vehicle loans experience a worrisome increase in delinquency rates, mortgages have managed to maintain...
by Zohreh Fayaz | Jun 2, 2023 | Blog, Finance, Mortgage
A lot can change over the course of your mortgage term – regardless of its length – including your income, debt load and interest rates, to name a few. That’s why it’s important to undergo a free annual mortgage checkup with your mortgage agent to ensure you’re saving...
by Zohreh Fayaz | May 19, 2023 | Blog, Finance
Worried About a Low Credit Score? Your credit history is compiled into a credit report, which then provides an overall summary of your financial history to lenders. Canada’s two credit reporting agencies – Equifax and TransUnion – use the information in your credit...
by Zohreh Fayaz | Feb 3, 2023 | Finance, Mortgage
The federal government is providing a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes. The multi-generational home renovation tax credit took effect January 1st for expenses related to building a secondary suite for a...
by Zohreh Fayaz | Dec 1, 2022 | Blog, Finance
More than half of Canadians surveyed are concerned about their personal financial situation but they haven’t changed their subconscious spending habits, according to a new report – The Quiet Spend – by FP Canada. Most people are spending money subconsciously by...
