Second Mortgages – What are they?

June 3, 2019 Financial Planning, Mortgage by CanWest No comments

If you’re a Homeowner, you’ve probably heard about second mortgages. But what is a second mortgage? It’s a type of loan that is secured by your home, similar to a first mortgage provided by a traditional bank. Over time you build up equity in your house, and a second mortgage allows you to use the […]

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RRSP`s in Canada – Who are they for?

January 30, 2019 Financial Planning, Mortgage by CanWest No comments

An RRSP is a retirement savings plan that you establish, that the CRA registers, and to which you or your spouse or common-law partner contribute. With the federal government’s Home Buyers’ Plan, you can use up to $25,000 of your RRSP savings ($50,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you’re […]

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Alberta Labour Market & Economy- January 2018

January 6, 2018 Financial Planning by CanWest No comments

Alberta Œ Employment jumps to a new high. Alberta added 26,300 jobs in December, the largest monthly gain since June 2011. Employment increased for the third month in a row, surpassing the pre-recession peak. The number of active rigs in Alberta averaged 155 in December, up 2.9% y/y. The average rig utilization rate was 30% […]

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