Blog
Before You Move, Make Sure You’re Solving the Right Problem
Lately, my phone calls start the same way: "Jacquie, we're thinking about moving." Why? We need to downsize. We need more space. The house doesn't work for us anymore. Whenever I hear this, I ask a few more questions. What's...
Separation and Your Mortgage: Understanding Your Options Before Making a Decision
Separation is one of life's most difficult transitions. Along with the emotional decisions come important financial ones, and for many couples, the family home is the largest asset to address. One of the first questions I hear is: "Can one...
Let’s Build a Cash Flow Map Before You Attack the Debt
When income is strong, but debt is not moving, the issue is often not effort. The issue is usually structure. Before making aggressive debt payments, start with a cash flow map. For the next 30 days, track four categories: 1. Fixed...
Credit Fear vs Credit Knowledge
I wasn’t taught how credit worked. I thought paying more than I owed would protect me. It didn’t. I tied up money I didn’t need to, it didn’t help my score, and I learned the hard way that smart credit...
Bank of Canada – Rate Drop, What Does This Mean?
The Bank of Canada rate is now 2.25%, this is not the rate you and I receive. MORTGAGE MOMENT The Bank of Canada has decreased its overnight lending rate by 25 basis points. The Bank of Canada’s primary responsibility is to keep inflation...
What is Title Insurance and Why does it matter??
Why Title Insurance Matters Title fraud is an increasingly common risk in Canada, especially for homeowners who’ve paid off their mortgage. Fraudsters can access public records to identify properties with no mortgage registered, making those homes easier targets. For many,...
The Bank of Canada, Rate Cuts, and Adjustable Mortgages
The Bank of Canada has decreased its overnight lending rate by 25 basis points. This is the first decrease we’ve seen since March. It seems that since COVID, everyone has become an expert on the Bank of Canada, but let’s...
Jacquie’s thoughts on mortgage rates
Segment title: Long-time client, first-time reader/listener Right now, things feel a little confusing. There’s a lot going on because mortgage rates in Canada aren’t driven solely by the Canadian economy. Fixed rates, for instance, are influenced by the Government of Canada...
Understanding The BoC & Prime Rate
Ok, more rate chat to clear up confusion - When the Bank of Canada lowers their rate, this is not a consumer rate - Read on for my response to a client email. From the client: Hi, It’s us again....
What Does It Mean to Be a Co-Signer for a Mortgage?
A co-signer can be the key to helping someone achieve homeownership when they don’t meet the necessary requirements on their own. Understanding what it means to be a co-signer and the implications involved is essential before committing to this responsibility....
