Oriana Wealth Management

Oriana Wealth Management Mark Wadey, Oriana Wealth Management/Mutual Funds Provided Through FundEX Investments Inc t's your money... and your peace of mind. We understand that.

You've worked hard for your money, so controlling your risks and minimizing taxes is important. We understand that too. We know that your financial objectives are very personal, so we'll help you make the most of your investments to achieve your goals and secure the future you dream of.

It's not too late to check everything off your summer bucket list.
08/17/2020

It's not too late to check everything off your summer bucket list.

Its not too late to check everything off your summer bucket list.

Mortgage experts say the Bank of Canada will reduce the benchmark qualifying rate—a.k.a., “stress test rate”—from 4.94% ...
08/14/2020

Mortgage experts say the Bank of Canada will reduce the benchmark qualifying rate—a.k.a., “stress test rate”—from 4.94% to 4.79% this week.

The stress test rate is about to fall for the second time in three months now that most of Canada's Big Six banks have reduced their 5-year fixed posted rates.

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territor...
07/07/2020

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for under 2.00% from discount brokers. Give me a call to find out what great rates and products are available to you!

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for under 2.00% from discount brokers. Concerns over a second wave of COVID-19 have caused Canada’s 5-year bond yield to fa...

In cities where industry lends itself better to working from home, the recovery may be less difficult.
06/30/2020

In cities where industry lends itself better to working from home, the recovery may be less difficult.

It's difficult to predict how long it will take for Canada's housing market to recover from COVID-19 crisis, but one thing is certain — the pain will be felt differently across the country, a new report from Canada Mortgage and Housing Corporation says.

Homebuyers excluded by these changes should look around for a lender that also works with Genworth or Canada Guaranty, t...
06/18/2020

Homebuyers excluded by these changes should look around for a lender that also works with Genworth or Canada Guaranty, the country’s two private-sector providers of mortgage default insurance. Those companies have decided not to tighten their restrictions.

Come July 1, 2020, it will be a lot harder to get the feds to back your mortgage.

From hair salons to gyms, experts rank 36 activities by coronavirus risk level.
06/12/2020

From hair salons to gyms, experts rank 36 activities by coronavirus risk level.

Which activities are riskiest for spreading COVID-19?

Genworth said in a statement the company doesn't plan to change any debt service ratio limits, minimum credit score and ...
06/10/2020

Genworth said in a statement the company doesn't plan to change any debt service ratio limits, minimum credit score and down payment requirements for homeowners looking to insure a mortgage with the firm.

Canadian private mortgage insurer Genworth MI Canada Inc. said Monday the company has no plans to tighten qualification rules for its borrowers, bucking a decision made last week by Canada Mortgage and Housing Corporation (CMHC).

The state-owned Canada Mortgage & Housing Corp., which offers default insurance to home buyers with low down payments, s...
06/07/2020

The state-owned Canada Mortgage & Housing Corp., which offers default insurance to home buyers with low down payments, said it will narrow eligibility criteria as of July 1. Buyers will need higher credit scores and lower debt burdens to qualify.

As of July 1, homebuyers will need to have a higher credit score to qualify for default insurance, Canada Mortgage & Housing Corp. said Thursday in Ottawa.

Before making a final decision talk to a financial advisor; using credit rather than RRSP funds isn't a simple decision ...
06/03/2020

Before making a final decision talk to a financial advisor; using credit rather than RRSP funds isn't a simple decision and there are always exceptions and other variables to consider.

Mark Ting, CBC On the Coast's finance columnist, says if someone experiences a sudden loss of income pre-retirement and they drop into a low tax bracket, tapping into their RRSPs can make sense.

Buyers and sellers in the Toronto-area real estate market are starting to loosen up in May after lockdown measures surro...
05/30/2020

Buyers and sellers in the Toronto-area real estate market are starting to loosen up in May after lockdown measures surrounding the coronavirus pandemic brought sales to a standstill in March and April.

Advice for those thinking about rejoining the fray: ‘Get out as soon as you can’

Despite multiple headwinds and the continuous ravages of COVID-19, Canadian market activity and purchasing power will be...
05/28/2020

Despite multiple headwinds and the continuous ravages of COVID-19, Canadian market activity and purchasing power will be able to recover quickly after the outbreak eases, according to outgoing Bank of Canada Governor Stephen Poloz.

The worst-case scenarios are "a little bit overblown," according to the central bank's outgoing governor

There are concrete actions you can take today to protect the ones you love and get some peace of mind. Here are four ste...
05/26/2020

There are concrete actions you can take today to protect the ones you love and get some peace of mind. Here are four steps to consider:

There are concrete actions you can take today to protect the ones you love and get some peace of mind. Here are four steps to consider: lifehappens.org/blog/4-steps-you-can-take-to-feel-more-in-control-now/

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4300 Steeles Avenue W Suite 34
Vaughan, ON
L4L4C2

Telephone

+16478982251

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