Lisa Friesen met her husband on the dating app Bumble in June. In July, he moved in with her and her two teenage kids. They married in August and bought a house together in October. She and her new husband, both in their 40s, were previously married and looking for a long-term commitment. The realization that they could save more money living together than apart sped up the relationship timeline. “Yes, I love him and we have a great relationship, but the costs of living alone were... [read more]

Condo Buyers Should Always Review Status Certificates Today's Globe and Mail features a $75,000 court judgment against a Toronto condo corporation in the case of Gonzales v. York Condominium Corporation No. 242. The case highlights a serious issue: the importance of reviewing condo status certificates carefully before making a purchase. Justice Robert Centa called the condo corporation's actions a “shocking abuse of trust and power,” pointing out the risks... [read more]

Should you break your variable-rate mortgage? We spoke to mortgage professional Deepak Bansal from Dominion Lending Centre about this. He strongly suggests that everyone get a “mortgage checkup” to evaluate the best options that compliment your financial wellbeing.  In the Globe & Mail article below dated Jan 27, 2023, Robert McLister (Interest rate analyst, mortgage strategist and editor of MortgageLogic.news) share his thoughts and ideas on... [read more]

The Toronto District School Board has proposed dissolving the admission boundaries for its technical and commercial high schools to expand access to students across the city. This a part of a wider strategy to support strong neighbourhood high schools and provide equitable access.  Source: Globe & Mail article by Caroline Alphonso dated January 10, 2024 [read more]

While BoC stands pat, interest rates are starting to change fast. Mortgage relief is starting, even as the Bank of Canada continues to leave its benchmark overnight rate untouched. But alongside change comes a marked decline in rates guaranteed investment certificates. Now is the time to zero in on what’s happening with the interest rates that interest you. Note…other rates are indirectly influenced by the overnight rate, but move independently. For example, the cost of fixed-rate... [read more]