by cmsdudes | Jun 8, 2023 | Blog
It has been just over a year since the Bank of Canada started hiking interest rates. While the economy has remained surprisingly resilient, the housing market has weakened sharply. The Bank has remained on the sidelines for the past two Governing Council announcement...
by cmsdudes | Jun 8, 2023 | Blog
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! Review Your Payment Schedule: Taking a look at your...
by cmsdudes | Apr 4, 2023 | Blog
In March, the global economy was focused on systemic risk in the banking sector. Following three bank failures in the U.S., markets were roiled again by the forced sale of Credit Suisse to UBS. Interest rates have plummeted as demand for the haven of government bonds...
by cmsdudes | Apr 4, 2023 | Blog
Your payment schedule is the frequency with that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly, or even weekly payments. Below is a quick overview of what each of these payment frequencies means: Monthly Payments: A...
by cmsdudes | Mar 6, 2023 | Blog
The Bank of Canada was the first major central bank to hit the pause button on rate hikes in late January. Given the slowdown in inflation in the recently released January CPI, The Bank of Canada will refrain from hiking interest rates this month. That is welcome...
