Blog
April 28, 2023
High mortgage costs will ‘strain’ budgets. But is the Bank of Canada worried?
Global News ~ April 12th, 2023 The Bank of Canada is warning that higher mortgage rates tied to its rapid policy rate hikes over the past year will test some Canadian households’ finances in the months to come. The central bank’s latest projections about the impact of higher borrowing costs […]
March 31, 2023
What’s keeping interest – and mortgage – rates high? Unemployment at near historical lows
Globe abd Mail ~ March 30th, 2023 If you’re riding out a floating-rate mortgage, you’re likely wondering when the prime rate will drop. The 22-year high in Canada’s prime rate has caused financial hardship for many – including 50-per-cent-plus payment increases on most adjustable-rate mortgages. Compared with a year ago, […]
February 28, 2023
Congratulations to the 2022 Oriana Financial Top 5 Performers!
2022 was a challenging year in the mortgage industry! We are proud of our team and the efforts put forth. We all know that we truly make a difference in our clients lives and are fortunate to assist them in making one of the biggest purchases of their lives, home […]
February 28, 2023
Here’s what you need to know to get a head start on filing your 2022 taxes
CP 24 ~ Feb. 22, 2023 The Canada Revenue Agency kicked off its tax season this week by urging Canadians to file their taxes on time — and reminding them that they may be owed money. The filing deadline of April 30 falls on a Sunday this year, so Canadians […]
February 21, 2023
5 steps to stop feuding financially with your partner
Financial Post ~ Feb 10th, 2023 The statistics aren’t great for couples who argue about money. Being on the same page and having a way to talk — rather than fight — about money with your partner is crucial for a stable financial future. Whether you and your partner stay […]
February 2, 2023
Toronto’s vacant home tax goes into effect this year. Here is what you need to know.
January 6th, 2023 Toronto residents whose properties sit vacant for more than half the year will soon have to pay a hefty tax but it remains to be seen whether the penalty will actually help boost housing supply in a city facing an affordability crisis. Homeowners have been given until […]
December 28, 2022
2022’s year in Review: The financial highs, lows and what’s in store for 2023
Money Sense ~ December 22nd, 2022 A recap of the ups and downs investors and the markets dealt with in 2022 and a hint of what may be in store for them in 2023. What happened in 2022 to affect our finances. Let’s break down the highs and lows of […]
December 11, 2022
What the latest Bank of Canada rate hike means for inflation, consumers
CTV News ~ December 10th, 2022 The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent — the highest it’s been since January 2008 — on Wednesday in its final rate decision of a year that has been marked by stubbornly high […]
November 14, 2022
The Bank of Canada is warning Canadians to brace for a rough winter
CBC News ~ November 12th, 2022 For years now, central banks around the world have helped consumers and businesses weather economic storms. In crisis after crisis, they cut interest rates to help people get through. They printed money and bought bonds to prop up markets. This time, those same banks […]
September 28, 2022
Big banks hike short-term fixed mortgage rates as their popularity grows
Canadian Mortgage Trends Over the past week, nearly all of Canada’s Big-6 banks have increased their shorter-term fixed mortgage rates. The rate hikes have largely been limited to 1-, 2- and 3-year fixed mortgage products, including both special offer and posted mortgage rates. The hikes were seen at TD, Scotiabank, […]
