Bob MacDonald, Home Financial Advisor, Scotiabank

11/14/2022

30 per cent of Canadians said they will rein in their gift shopping this holiday season and spend less compared with previous years. However, 52 per cent of people said they anticipated spending about the same as before. Which category do you fall in?

Three in 10 Canadians say they will rein on their gift shopping this holiday season and spend less compared with previous years as inflation remains high, a new Ipsos poll finds.

11/11/2022

“In Flanders fields the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky
The larks, still bravely singing, fly
Scarce heard amid the guns below.”
—John McCrae, Canadian poet, doctor and medical officer during WWI.

11/08/2022

Do you have dreams of renovating your kitchen? You can use the equity in your home to make this happen and I can help! Who knows, maybe you'll find some buried treasure 😊.

One lucky English couple from Yorkshire found an "extraordinary" treasure trove of 17th-18th century gold coins when relaying their kitchen floor.

11/04/2022

Daylight Saving Time 2022: Don't forget to turn your clocks back this weekend and enjoy your extra hour of sleep!

11/03/2022

Those up for mortgage renewal might be influenced to just stay with their existing lender to avoid having to go through the mortgage stress test process again with a new lender making them less likely to shop around and get themselves the best rate. People should not be deterred from shopping around. Reach out to me to discuss.

If your mortgage is up for renewal in the coming months, you may be beginning to panic at the prospect of paying more to finance your home as the Bank of Canada continues its interest rate hiking cycle.

10/31/2022

Wishing you and yours a fun Halloween filled with magical surprises and plenty of treats. Happy Halloween!

10/27/2022

If you’re in a variable rate mortgage you have the ability to lock into a fixed term. If you have completed one year of your variable rate mortgage you can lock into a 4 or 5 year fixed rate mortgage. If you have completed 2 years you can go into a 3, 4 or 5 year fixed term and so on and so on. You do have options. I encourage you to consider them.

Canada's central bank continued its campaign to wrestle high inflation into submission on Wednesday, raising its benchmark interest rate for the sixth time this year.

10/26/2022

Here are some additional locations to check out Mother Nature’s brilliant fireworks in Ontario’s cottage country!

Located a few hours north of Toronto, you'll discover plenty of incredible spots to view the annual Fall colour display, in addition to the world-famous Algonquin Park.

10/23/2022

No two economic downturns are alike. Here’s how this one could affect you.

Many economists say a mild recession is on the cards as they look ahead to 2023. Though plenty of Canadians remember living through a recession or two, for millions of others it will be the first major downturn in their adult lives. No two economic downturns are alike. Here's how this one could affe...

10/20/2022

Fixed vs variable - the never ending debate. Compare how they impact your mortgage!

The Bank of Canada’s interest rate hikes are putting pressure on homeowners, who are paying increased interest on their mortgage loans and seeing higher monthly payments

10/16/2022

While you may be inclined to clear your home loan, paying off high-interest loans or putting extra cash into your retirement fund and letting it grow, is the strategy more likely to bring you closer to retirement and your dream of truly reaching financial freedom.

Leaving these accounts open could tarnish your golden years

10/10/2022

Your time is valuable. Let me shop around for you saving you time and money! It used to be possible to go to one mortgage rate comparison website and quickly see all the best mortgage deals in Canada. Not any more.

Stick with the top three or four rate sites on Google, but shop them all, because none of them will continually show you the best deals