How Edmonton Homeowners Can Use Home Equity to Consolidate Debt and Improve Cash Flow

If your credit cards, lines of credit and car loans are starting to feel like they’re getting out of reach, you’re not alone. We hear it every week from homeowners across Edmonton and central Alberta. The cost of living has climbed, mortgage payments have gone up, and sometimes life changes faster than your finances can […]

Your Mortgage Renewal Is Coming Up in Edmonton. Here Are Your Three Options.

Renewals are dominating the Canadian mortgage market right now, and a lot of those renewals are coming off terms signed when rates looked very different. If yours is coming up, the most valuable thing you can do before your maturity date is understand what your options actually are, because knowing your options at renewal is […]

It’s Not Game Over

The Road Ahead

Market predictions came true today as the Bank of Canada maintained it’s key interest rate (also known as the ‘overnight rate’) at 4.50%. But there’s much more to know and understand  than the usual press release which arrived this morning at 10:00 (ET). So let’s dive in.

The Beginning of the End?

As expected, the Bank of Canada announced it would hold its key interest rate at 4.50% today, opting to pause and further assess the effects of previous hikes on the economy. This is the first time since the increases began a year ago, back on March 2, 2022. This also means that most lenders Prime […]