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Interest Rates Steady in Face of Uncertainty  

The Bank of Canada surprised some in Canadian cities like Grande Prairie by keeping interest rates steady at 1.25% while hinting they’d raise it eventually by the third quarter. In theory, they’d need to raise the benchmark rate to 1.75% to hit normal rates. Yet...

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Avoid Nasty Probate Conflicts By Setting Up A Living Trust

Wills and living trusts are legal documents that distribute property. Both are useful estate planning tools, but there are important differences. With a living trust, a representative is appointed to manage your property while you’re alive (even if you become...

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Best Kept Secrets of Home Buying

We often hear advice too late to save ourselves time, money and hassle. For home buyers, mistakes come with added zeroes at the end. Here are some of the best kept secrets that home buyers need to hear so they don’t make unnecessary mistakes when buying a home.   ...

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Odds for Bank of Canada Rate Hike Fall in Advance of Meeting

In January, 2018, the Bank of Canada raised its lending rate to 1.25 percent from 1 percent, the highest level since 2009. The decision was based on an economy at near full capacity and recovery in inflation rates. This caused the Canadian dollar to sink, though it...

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New Mortgage Stress Test

A New Year, a New Set of Mortgage Regulations The Canadian mortgage market has seen a number of regulatory changes intended to prevent a real estate market meltdown as crippled the United States after the 2007 Great Recession that it is only now pulling...

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