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In today's market, fixed and variable mortgage rates are close, but variable rates offer potential savings and flexibility. While fixed rates are seen as safer, variable rates provide the option to lock in at any time and have historically saved money over the long term. Learn about the benefits of variable rates, including lower penalties and manageable rate increases, to make an informed decision for your mortgage needs.

With rising interest rates and stricter mortgage qualifications, many Canadians find it challenging to secure traditional financing. Private lending offers an alternative, with higher approval rates, shorter loan terms, and quick turnaround times. This guide explains who can benefit from private lending, the advantages, and how it can help you overcome credit, income, and property challenges. Secure financing quickly and effectively with the help of experienced private lenders.

According to a recent CIBC poll, 48% of retired Canadians retired earlier than expected, leading to financial stress. This guide explores common unexpected expenses retirees face, such as home maintenance, personal emergencies, fraud, and longer life expectancy. Learn how to prepare and manage these costs effectively to ensure a secure and stress-free retirement.

Understanding the difference between a mortgage broker and a mortgage specialist is crucial for potential homeowners. Mortgage brokers, working independently, offer access to multiple lenders and personalized service, often at no cost. In contrast, mortgage specialists are tied to a single institution and limited to its products. This guide explores the benefits of each, helping you make an informed decision for your mortgage needs.

Understanding and maintaining a good credit score is crucial for securing loans and financial health. This guide offers tips on reviewing your credit report, following the 2-2-2 rule, and keeping credit balances low. Learn the factors that affect your score and how to improve it, ensuring you remain a "good investment" for lenders.

The Bank of Canada has left its benchmark rate at 0.25% in its final policy decision of 2020. This move aims to keep borrowing costs low for Canadians, supporting the economy through ongoing challenges posed by COVID-19. The Bank also reinforced its commitment to market liquidity through its quantitative easing program, while noting stronger-than-expected economic momentum tempered by recent COVID-19 restrictions.