Very Strong Employment Report For October Today’s Labour Force Survey for October was surprisingly strong, boosting wage inflation to an eye-popping 5.6% year-over-year pace. While good news for the economy, this is terrible news for the inflation fight–just when the Bank of Canada eased its foot on the brakes. The two-year and five-year Government of […]

One of the biggest benefits of purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. What is a second mortgage? First things first, a second mortgage refers to […]

The real estate market today is nothing like it was a year or even six months ago. The rise of interest rates has caused the cost of servicing a mortgage to rise, and with that, the difficulty of being approved has also increased. While many may see a difficult market as a bad omen, smart […]

Published by HomeEquity Bank September 7, 2022 If you are an individual aged 55+, it may surprise you that you currently represent 33.09% of the total Canadian population. What may not surprise you, is that Canadians 55+ know what they want in order to live a fulfilling life as they enter retirement. However, they do […]

by Heather McDowell on 07 Sep 2022 Home Equity Line of Credit (HALOC) loans can help borrowers get loans by using the equity in their homes. Loans secured against the value of the home are generally made using a revolving line of credit, making them different from a classic mortgage. When opening your home to […]

Buying and owning a home is an expensive endeavor, and the various taxes a homeowner must pay can add up fast. Especially for those who are using their property as an investment and are interested in getting the maximum return available to them, minimizing their tax payments can be a major way to make owning […]