Many first-time homebuyers may not be familiar with CMHC Insurance Fees until they walk into their first mortgage meeting and find out that they have to pay a lot more money than they initially expected. This can be shocking to…
Falling Interest Rates and You!
On Jan 21st 2015, the Bank of Canada surprised investors by cutting their overnight lending rate from 1% to .75%. Simply, the overnight lending rate is the interest rate that Canadian banks borrow at to cover their daily operations. This…