November is Financial Literacy Month and we have the tips to ensure your financial game is on point this Fall as we head into the New Year! Nail Down Your Budget Understanding the basics of budgeting and tracking your income versus spending is a fundamental part of financial literacy and control. Building a budget can […]

Are you thinking about co-signing on a loan? If you’re looking to help out a family member or loved one, this is a great way to do that as a co-signer can help overcome stress testing and borrowing limits. However, it is important to be aware of the implications when co-signing on any loan. Credit […]

If you are reading this you probably have a keen interest in improving your financial situation — but how are you going to measure your progress? The easiest way is by setting and achieving a goal. This could be short-term and focused, like wiping out a credit card debt. On the other hand, it could […]

Today was the 6th Bank of Canada announcement, and we got a little reprieve from increases with them deciding to hold the overnight lending rate at 5%, which means the prime rate will remain at 7.2%. So what does that mean for you in a practical sense? Well essentially that if you are in a […]

As a Kelowna resident, fire in the Okanagan is not an unfamiliar sight, however, what we experienced this year has had a direct impact on many friends, family, clients, and our community. I would be remiss if I didn’t take the opportunity to thank our firefighters, first responders, and so so many selfless members of […]

After talking about the different rates, it’s important to understand that the rate you are offered, is based on different factors. So let’s dive into what those factors are! Down Payment There is an old myth floating around that the more money you put down the better your interest rate will be. Let’s dispel that […]

Understanding Mortgage Rates While not the only factor to look at when choosing a mortgage, interest rates continue to be one of the more prominent decision criteria with any mortgage product. Understanding how mortgage rates are determined and the differences between your typical fixed-rate and variable-rate options can help you make the best decision to […]

As of 2023, foreign buyers in Canada will face stricter restrictions on purchasing property in the country. The new foreign buyers ban, which was announced by the Canadian government in 2022, is aimed at addressing concerns about affordability and availability of housing for Canadian residents, as well as potential foreign speculation in the real estate […]

It’s been a bit of a wild time lately between the Federal Government releasing their 2022 budget and the Bank of Canada making their 3rd announcement of 2022 regarding lending policy. So I figured it was the perfect time to break down what’s been happening and the affects. Let’s start with the headline of the […]

By now most people have heard that the Bank of Canada has increased the benchmark interest rate by 0.25% up to 0.50%. You’ve no doubt seen the headlines “Bank of Canada Doubles Interest Rate” or some variation that makes you think the sky is falling. Despite all that, let’s break down exactly what this change […]