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Reminiscing About My First Home Purchase

by | Jul 29, 2015 | Casb Management Group Inc.

I was reminiscing about my first home purchase, a two bedroom, 1.5 story home in Toronto in 1983. I was a 21-year-old full-time university student at the time, but the prospect of paying rent for another year did not make much sense to someone enrolled in a business...

Impact of Recent Bank of Canada Rate Cut

by | Jul 27, 2015 | Mortgages

It has now been two weeks since the most recent .25% cut to the Bank of Canada’s overnight rate. My question is “What is the impacted to you and your mortgage?” 1. Despite the .25% reduction, the Prime Rate in which banks lend money, only reduced by .15%. This is the...