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Mortgage arrears are rising but won't hit long-term average.

Mortgage arrears are rising but won't hit long-term average.

The rate of mortgages overdue by three months or more in Canada has been gradually increasing but remains historically low, according to the Canadian Bankers Association.

Banks forecast another 175 bps in rate cuts

Banks forecast another 175 bps in rate cuts

The Bank of Canada has recently reduced interest rates by 0.5%

The Grandparents Scam

The Grandparents Scam

Scammers are getting quite sophisticated. They’re now using AI technology to mimic people’s real voices.

3 tips for keeping your credit score high

3 tips for keeping your credit score high

Maintaining a healthy credit score is crucial for financial stability and securing favorable loan terms. By managing your credit card usage wisely,
Bank of Canada cuts interest rate to 4.5%

Bank of Canada cuts interest rate to 4.5%

On July 24, 2024, the Bank of Canada (BoC) reduced its benchmark interest rate by 25 basis points, bringing it down to 4.5%. This marks the second consecutive rate cut,

How to invest TFSA in mortgages.

How to invest TFSA in mortgages.

Investing your TFSA (Tax-free Savings Account) funds in Mortgage Investment Corporations (MICs) or direct mortgages offers potential for tax-free income and diversification within your investment portfolio. Here’s a step-by-step approach to get started:

How to invest RRSP in mortgages.

How to invest RRSP in mortgages.

Investing your RRSP (Registered Retirement Savings Plan) funds in Mortgage Investment Corporations (MICs) or direct mortgages offers potential for tax-deferred growth and portfolio diversification. Here’s a step-by-step guide to help you get started:

 Impact of extreme weather on real estate

Impact of extreme weather on real estate

As extreme weather events become more frequent and severe, the importance of understanding their impact on real estate investments cannot be overstated.