
Saving for Your First Home? Open Your FHSA Now
In Canada, the struggle to find affordable housing is no secret. Prices seem to continue to rise post-pandemic and more and more people continue to get priced out of the housing market. To combat the housing market crisis, the federal government introduced First Home Savings Account (FHSA) as part of its 2022-23 budget. As of April
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What Is a Trigger Rate – and How Does It Impact Your Mortgage?
The trigger rate applies to variable-rate mortgage holders that are on a fixed payment schedule. In case of variable rate mortgage (VRM), the trigger rate is the rate at which the regular mortgage payments no longer covers the accrued interest.
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