If you’ve ever stared at mortgage options and felt your brain do backflips, you’re in good company. It’s an interesting time to be renewing a mortgage right now: rates have come down a bunch since the pain we’ve seen over the past couple years, but many economists still believe they have more room to fall. So, what’s a person to do? One of the most important choices you’ll make is: fixed rate or variable rate? Should you lock in affixed rate and know exactly what you’ll pay every month, or go variable and hope that rates keep dropping? Let’s look at some of the factors that influence that choice.

It’s no secret that buying a house in Canada is expense. We have a housing crisis on our hands, and in addition to the excellent First Home Savings Account (FHSA), the government recently (as of a week ago) implemented some changes to mortgage rules to help make homeownership more accessible. Here’s a breakdown of what that means for you.

Canadians looking to buy their first home now have more options when it comes to mortgages. Recent changes make it easier to take out a 30-year mortgage when buying your first home – but there are restrictions. Here’s a breakdown of the changes, and what to consider if you’re thinking about taking a 30-year mortgage to buy your first place.

Unless you’ve been living under a rock for the past year, you’ve heard people talking about generative AI tools, like chatGPT. People in the business world have been speculating which industries and jobs will be most disrupted by it, with the theories ranging wildly depending on who you ask. As someone who is currently pursuing their Financial Planner designation, my mind naturally drifts to that industry. Can AI do the job better? Is there a role for humans in the future? I believe there is, and here’s why.