The Vice is Tightening!

The vice is tightening for many Canadian households!If your mortgage is maturing this year, you may find the following:- Your interest rate is higher- Your payments are higher- You do not have the option to roll other consumer debt into your mortgage because your home has decreased in valueFor some, the news is even more concerning:- Your private mortgage lender refuses to offer a renewal-  Your institutional lender is making you requalify for your mortgage (rumour has it that Equitable Ba...
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I Felt Every Second of That Drill

I was in the dentist’s chair last week for what should have been a quick fix: replace a cracked filling, in and out. But as the drill started, I realized something wasn’t right. I could feel everything. Even the air flow from the suction was causing pain. After a few painful seconds, I raised my hand and asked, “Is it true that redheads need more freezing?” My dentist paused, gave me a look, and said, “Actually… yeah, they often do.” I nodded. “Thought so. I’m bald now, but I was ...
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Mortgage Renewal Options in 2025

mortgage renewal
In Canada, approximately $352 billion in mortgages are projected to mature in 2025. Many of these will renew at significantly higher rates, which may cause a substantial increase in monthly payments for Canadian homeowners. If you’re among those renewing, now is the time to take action to minimize payment increases, balance your budget, and find a solution that fits your needs. Here’s how to get started: Start Planning Early Contact your lender 6–12 months before your mortgage term en...
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