Tel. 905-336-5997 charmaine@designermortgages.ca

10 ways to reduce your tax bill

10 ways to reduce your tax bill   The days are starting to get longer, and you can feel that spring is right around the corner. With spring, of course, comes tax-filing season, so as “filing taxes” joins “spring cleaning” on your to-do list, here are 10 ways to save...

The Bank of Canada has a WARNING for condo investors

Some lenders have increased the downpayment required for condo apartments, the usual downpayment is 5%, some lenders have increased this to 10%. The Bank of Canada has a warning for condo investors – the boom times may be over…….. In its December economic review, the...

Interest Rates on the Move?

As a result of stubborn inflation and stronger then expected economic growth signs are becoming more clear that Canadians could be seeing interest rate hikes sooner then previously anticipated. Bank of Canada’s Mark Carney did not directly state that higher rates were...

Bank of Canada Maintains Interest Rates

The Bank of Canada is keeping its benchmark lending rate at a record low of 0.25 per cent, reiterating on Tuesday its conditional commitment to hold rates steady until the middle of this year. Although it held the overnight lending rate steady, the bank acknowledged...

Interest Rate Update

A quarterly Reuters poll published last Thursday indicates growth from the Canadian economy in 2010. This growth however is not indicated to be prompt enough to influence the Bank of Canada to raise interest rates anytime soon. The survey consisted of around 20...