In Wednesday’s announcement, The Bank of Canada raised its benchmark interest rate by 1.00% which was a larger increase than had been anticipated. This is the largest single increase in the overnight rate that we have seen in more than 20 years. Why? During the pandemic the central bank cut the lending rate to stimulate the economy by encouraging people to borrow and invest at a low rate. It...
Investing in your first home is one of the most important decisions you’ll ever make. Your home is where life unfolds and memories are made, all while building a financial foundation for your future. While buying a home can be challenging for a first time home buyer, there are some great advantages created to encourage newcomers into the real estate market. Here are 5 important steps to consider as a...