Are You a Subconscious Spender?

Are You a Subconscious Spender?

More than half of Canadians surveyed are concerned about their personal financial situation but they haven’t changed their subconscious spending habits, according to a new report – The Quiet Spend – by FP Canada. Most people are spending money subconsciously by...
What’s a Trigger Rate?

What’s a Trigger Rate?

In a rising rate environment like we’re currently experiencing, chances are you’ve heard the word “trigger” a lot lately, especially if you’re in a variable-rate mortgage.  A mortgage is made up of two components: 1) Interest; and 2) Principal. Each payment you make...
What’s a Rent-to-Own Program?

What’s a Rent-to-Own Program?

Rent-to-own programs enable borrowers to build equity in a specific property as tenants with an option to buy the property within an established timeframe – typically between one and five years. As with any program, it’s important to understand how it works before...
What’s Happening with Inflation?

What’s Happening with Inflation?

Everyone seems to be talking about inflation more than ever these days. And while Inflation in Canada has come down a little recently, it remains far too high. After rising rapidly to reach 8.1% in June, inflation as measured by the consumer price index (CPI) was 7.6%...
Tips for Saving as Interest Rates Rise

Tips for Saving as Interest Rates Rise

As inflation soars to a 40-year high, and with interest rates expected to continue rising, many Canadians are feeling financially stretched. For those with a mortgage up for renewal, the prospect of dealing with higher mortgage payments is very real. That said, there...