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Bank of Canada Rate Announcement Jan 18th, 2017

Bank of Canada Rate Announcement Jan 18th, 2017

by Marco Abballe | Jan 18, 2017 | Announcements, Blog, Mortgage

Looks like 2017 begins the same way 2016 ended, with the Bank of Canada announcing that it has maintained its target for the overnight rate at 1/2 percent. While the Bank Rate is correspondingly 3/4 of a percent, with the deposit rate holding steady at 1/4 percent as...

CMHC to Increase Mortgage Insurance Premiums in March 2017

by Marco Abballe | Jan 17, 2017 | Announcements, Blog, CMHC, Homeownership

The Canadian Mortgage and Housing Corporation announced this morning that they will be increasing mortgage insurance premiums on March 17th 2017. They were quick to outline that the changes would only amount to roughly a $5 increase per month for borrowers. Which was...
10 Tips for First Time Home Buyers in 10 Words or Less

10 Tips for First Time Home Buyers in 10 Words or Less

by Marco Abballe | Jan 10, 2017 | Blog, Mortgage

As part of Genworth’s Homeownership Education Week Seminar, Genworth decided to get social and ask recent first time homebuyers to give simple advice to others looking to purchase their first home. The results were captured and included in the Spring issue...
How a 5% Increase per Year in Savings Can Double Your Money

How a 5% Increase per Year in Savings Can Double Your Money

by Marco Abballe | Jan 3, 2017 | Blog, Finance, Video

Here is a video published by Canadian finance expert Preet Banerjee that discusses the impact simply increasing your annual contributions by 5% per year can have to your savings. Transcript How small increases to your savings can make a big difference to your...

Season’s Best 2016!

by Marco Abballe | Dec 22, 2016 | Blog

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