by harmerwealth | Mar 12, 2025 | Interest Rates, Mortgages, Real Estate, Uncategorized
Big news for homeowners, buyers, and investors: the Bank of Canada has cut its key interest rate by another 0.25%, marking a shift in the economic landscape. If you have a variable-rate mortgage, this directly impacts you—so let’s break it down. Variable-Rate Mortgage...
by harmerwealth | Mar 4, 2025 | Economy, Financial Planning, First-Time Home Buyer, Interest Rates, Investing, Investment Income, Mortgages, Real Estate, Retirement
We understand that the recent fear and volatility caused by Trump’s latest antics—particularly his tariffs on Canada—have left many of you feeling uneasy. If history has taught us anything, however, it’s that we’ve seen this before. This is Trump 2.0—a bad movie we’re...
by harmerwealth | Jan 29, 2025 | Interest Rates, Mortgages, Real Estate
The Bank of Canada has lowered its key interest rate by 0.25%, a move that could have significant financial implications for Canadians. Whether you have a mortgage, carry variable-rate debt, are an investor, or are considering buying or...
by harmerwealth | Oct 23, 2024 | Debt, Economy, Interest Rates, Mortgages, Real Estate
Boost in Mortgage Affordability: Lower interest rates reduce mortgage costs, potentially increasing what you can afford. While this opens the door to homeownership for many, it may also drive up real estate prices as demand rises. Now could be the time to assess your...
by harmerwealth | Oct 3, 2024 | Interest Rates, Real Estate
When you consider Canada’s luxury real estate market, places like Toronto or Vancouver most certainly spring to mind. But the smaller towns, like Winnipeg, will be taking front stage in 2024. Read on to find out how this trend will impact you—homeowner,...
by harmerwealth | Aug 6, 2024 | Covid-19, Economy, Interest Rates, Real Estate
You may have seen recent headlines about worldwide stock markets, and it’s easy to feel concerned. However, let’s break down what’s happening in a way that’s easy to understand and not as alarming as it may seem. Recently, a U.S. jobs report showed...
