by harmerwealth | Nov 22, 2023 | Mortgages
Understanding the Charter In a bold move to assist homeowners grappling with soaring interest rates, the Canadian government has introduced the New Canadian Mortgage Charter. This initiative marks a significant step towards offering substantial relief to those facing...
by harmerwealth | Aug 18, 2023 | Debt, Interest Rates, Mortgages
Mortgages, whether you’re a first-time homeowner or seasoned property veteran, can sometimes be a cause for concern, especially in a high-interest rate environment. We know that many of you are anxious about the looming prospect of renewing or refinancing your...
by harmerwealth | Jul 18, 2023 | Debt, Interest Rates, Mortgages, Uncategorized
In a refreshing turn of events for Canadians, the inflation rate has dipped to 2.8% in June, according to the latest consumer price index report from Statistics Canada. This is the first time in over two years that the rate has fallen within the Bank of Canada’s...
by harmerwealth | Jun 4, 2023 | Debt, Interest Rates, Mortgages, Real Estate
Canada’s inflation rate came in at disappointing 4.41% for April, compared to 4.3% for the month of March. This minimal change has led to a resurgence of fear that the Bank of Canada will continue its increase to policy rates. Any increase to policy rates results...
by harmerwealth | May 11, 2023 | Financial Planning, Mortgages
Are you a Canadian homeowner with a mortgage renewal on the horizon? High interest rates might have you feeling anxious about your financial outlook. However, several savvy strategies can enhance your cash flow and alleviate financial pressure during these challenging...
by harmerwealth | Apr 28, 2023 | Debt, Interest Rates, Mortgages, Real Estate, Uncategorized
Recent economic data from Canada indicates a slower growth rate in February and an anticipated contraction in March, coupled with a deceleration in inflation. This suggests that the Canadian central bank’s plans to keep interest rates on pause are well-founded....
