by harmerwealth | Jul 18, 2024 | Financial Planning, First-Time Home Buyer, Interest Rates, Mortgages, Real Estate, Retirement
With a recent surprise drop in inflation in Canada to 2.7%, the financial landscape is poised for some significant changes. Experts anticipate that this drop in inflation will result in another minimum 0.25% decrease in the PRIME interest rate on the Policy Rate...
by harmerwealth | Aug 17, 2023 | Investment Income, Real Estate
The Ontario cottage country, with its serene landscapes and inviting waters, has been a coveted destination for decades. But in recent years, its real estate value and income potential have been growing at an impressive pace. At Harmer Wealth Management, we’ve...
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 | 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....
by harmerwealth | Apr 1, 2023 | First-Time Home Buyer, Real Estate
The Government of Canada recently introduced a new financial tool to help Canadians save for their first home: the Tax-Free First Home Savings Account (TFHSA). This innovative savings account aims to make it easier for individuals and families to achieve their dream...
by harmerwealth | Mar 3, 2023 | First-Time Home Buyer, Interest Rates, Mortgages, Real Estate
Buying a home in Ontario can be a wise long-term investment strategy for several reasons. Not only does homeownership provide a sense of security and stability, but it also has the potential to appreciate in value over time, building wealth for the homeowner. However,...