Mortgage News

Tax-Free First Home Savings Account

Great news, the new Tax-Free First Home Savings Account is expected to be available this coming April 2023! It has the benefits of an RSP with a tax deduction combined with the benefits of TFSA (since withdrawals are not taxable) all while your money grows completely tax-free. Now if you don’t buy a home within [...]

By Lotus Loans & Mortgage|2023-03-22T15:19:12+00:00March 3rd, 2023|Mississauga Mortgage|Comments Off

CPI is Flat in Oct 2022

This past week in early November 2022 it was announced that Canada’s annual inflation rate held firm in October, likely keeping the BoC on track to press ahead with interest rate hikes. Remember that bank Prime is up to 5.95% today. The BoC meets on Dec 7th where they likely move Prime upwards by a [...]

By Lotus Loans & Mortgage|2022-12-23T14:47:19+00:00November 18th, 2022|Mortgage Rates, Mortgages, News and Articles|Comments Off