The interest may run you the equivalent of a latte a day, but the opportunity costs — like missing out on vacations and RRSP savings — can be even greaterAuthor of the…
Month: May 2021
Struggling to Qualify for a Mortgage? Do This!
Recently, the National Bank of Canada (NBC) released some grim data. Only 5% of Canadians have the minimum household income required (around $130,000) to qualify for a mortgage on a typical home (non-condos). For…
Does the BoC announcement spell trouble for variable rates?
The latest Bank of Canada announcement on its key overnight rate was viewed by many as signalling bad news for variable rate mortgages. While restating its commitment to keeping the rate at…