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Bank of Canada Rate Announcement July 12th, 2017

Bank of Canada Rate Announcement July 12th, 2017

by Marco Abballe | Jul 12, 2017 | Announcements, Blog, Mortgage

The following is the latest Bank of Canada rate announcement, if you have any questions about what this rate increase means for you and your mortgage, please don’t hesitate to contact me anytime. If you’re a fixed rate mortgage holder, this change...

Verico Economic Update with Michael Campbell June 2017

by Marco Abballe | Jul 4, 2017 | Blog, Economy

Here is the latest economic update from Verico’s economist Michael Campbell.  I think that anyone working in the real estate industry can be forgiven for waking up in a cold sweat muttering what Ronald Regan called the 9 scariest words in the English language:...

Are There More Mortgage Rule Changes Coming?

by Marco Abballe | Jun 27, 2017 | Blog, Economy, Guest Post

Recently, the Bank of Canada released its semi-annual Financial Systems Review (PDF document), which identifies some of the major risks that the Bank foresees on the economic horizon. Unsurprisingly, the Bank pinpoints increased levels of Canadian household debt and...

Thinking of Selling? Costs You Should Know About!

by Marco Abballe | Jun 20, 2017 | Blog, Homeownership

Often times it’s the simple math that will betray you when selling a property. In your head you do quick calculations, you take what you think your property will sell for and then subtract what you owe on your mortgage, and the rest is your profit! Well…...

Saving for a Downpayment? Some Advice Along the Way!

by Marco Abballe | Jun 13, 2017 | Blog, Finance, Mortgage

If you are looking to purchase a property in the next while, you probably already know that you need at least 5% of the purchase price as a downpayment. Saving a bigger downpayment, let’s say 10%, certainly increases your chances of securing financing. While...
The Budgeting Resource Everyone Has (And Nobody Uses)

The Budgeting Resource Everyone Has (And Nobody Uses)

by Marco Abballe | Jun 6, 2017 | Blog, Finance

This article was written by Sandi Martin of Spring Personal Finance and was originally published here on Spring The Blog on Oct. 27th 2015. Does This Sound Familiar? You’ve read a book or a blog series or watched a show about budgeting and getting your money under...
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