By: James Hand

Fixed vs. Variable Rate Mortgages

Tags: Canadian mortgage rates, are fixed or variable rate mortgages better, should I choose a fixed or variable rate mortgage, fixed vs variable rates

  A decision a lot of homebuyers and homeowners struggle with is whether to go with a fixed or variable rate mortgage. Both have their differences and similarities. In this post I’ll go over some of the differences between the two mortgage types and how our calculators on this site can help make your decision easier.   Fixed Mortgage Rates If you’re looking for predi...Read More

By: James Hand

Tax Deductions & Credits for Canadian Homeowners

Tags: home owner tax deductions, Canadian tax deductions, can I write off my home expenses in Ontario

                                                              Owning a home in Canada can be very expensive and very rewarding at the same time.  As a homeowner, there are some Federal and Provincial tax deductions and tax credits which, d...Read More

By: James Hand

The markets are up? Why and what does it all mean?

Tags: Stock markets Canada

While we all continue to hunker down and do what is right by practicing social distancing, even missing our family get togethers this past Easter weekend and while many of us are also wondering what is going to happen to our personal finances as well as the economy as a whole, something is happening that could confuse many of us. The stock market is on the rise. While stocks are still down by...Read More

By: James Hand

2020 Mortgage Stress Test Changes

Tags: hamilton mortgages

We prepare for the worst every day: We carry umbrellas when it’s cloudy, pop Gravols before a long flight, and buy travel insurance when going overseas. Why should taking on a mortgage be any different? A mortgage stress test is one way of preparing for the worst… as many of us know, it’s also a legal requirement in Canada. What is a stress test? In finance, planning for ...Read More