In its 2022 Federal Budget, the Canadian Government introduced the Tax-Free First Home Savings Account (FHSA), a new registered savings plan designed to help Canadians save for their first home.

So, you’ve come into some extra money, possibly an inheritance windfall or a raise in pay. And while you want to spend it on a new hot tub, you’re determined to make a more prudent financial move. Should you put that extra money toward paying down your mortgage, or should you invest it?

A home equity line of credit (HELOC) or secured line of credit (SLOC) is a flexible way to borrow money against the equity you have built up in your home. It is a revolving line of credit, meaning you can borrow, repay and borrow again as long as you stay within your credit limit.

We know that owning a home is a dream that many Canadians aspire to. We want to help make your journey to becoming a homeowner as stress free as possible.

Over the past months, the Bank of Canada has made increases in its benchmark interest rate, bringing it to the highest level in years, with further increases forecasted. These increases directly influence the Alterna Prime Rate, which impacts any loans with a variable rate.

You’ve been anxiously watching from the sidelines as the housing market has continued its climb to record highs and wonder when and how you’ll be able to join the ranks of first-time homeowner. We're here to help.