Variable Mortgage Rates All the Rage
Posted on Jan 31, 2025
People are choosing Variables for these reasons:
- They expect the Bank of Canada isn’t done easing
- Floating rates are finally on par with fixed rates
- It’s therefore easier to qualify for variables, given how the government’s mortgage stress test calculation works
- Standard variable mortgages have prepayment penalties of just three months’ interest (fixed...
Reduce Time on your Digital Device
Posted on Jan 08, 2025
Most of us have boundaries in multiple areas of our lives: at work, with our colleagues and boss, and at home, with our partner, children and friends. But when it comes to our phones, most of us have a “porous boundary, and likely no boundary,” says Dr. Aditi Nerurkar, Harvard stress and burnout expert. That's why so many of us feel like we have a...
NEW: BC Home Flipping Tax
Posted on Jan 07, 2025
As of January 1, 2025, the BC Home Flipping Tax is now in effect. This new tax is distinct from the existing federal property flipping tax and specifically targets short-term property sales within British Columbia.Here’s how it works:
- The tax applies to income from sales of residential properties, presale contracts, or assignments owned for less tha...
