More By Melissa Wood:

How to Grocery Shop – and Save – Like a Granny
Lifestyle / Personal Finance / Your Budget

How to Grocery Shop – and Save – Like a Granny

Looking to cook up some savings? The first step to cutting down food costs – other than resisting the urge for take out – is to stock those cupboards! But how can you get the most bang for your buck at the grocery store? Why not heed advice from generations past – our elders sure know how to stretch a dollar! Check out our granny-approved and time-tested tips! Continue reading »

Annual Recap: Mortgage Rates and Mortgage Trends in 2011
Mortgage News / Mortgages

Annual Recap: Mortgage Rates and Mortgage Trends in 2011

If you’ve been carrying a variable rate mortgage, 2011 has been a great year for you. The Bank of Canada held their target for the overnight rate at 1% all year long and subsequently none of the major banks change their prime rates, currently steady at 3%. This resulted in no change to monthly payments for variable mortgage holders, and those of you on Prime – 1% are very lucky! Continue reading »

Bank of Canada Announces No Change to Overnight Lending Rate
Economic News / Mortgage News / Mortgages

Bank of Canada Announces No Change to Overnight Lending Rate

Variable mortgage holders can rest easy knowing that their mortgage payments are not expected to increase any time soon. Once again the Bank of Canada announced that they will leave the target overnight lending rate constant at 1%. This means that Prime rates will also stay the same and therefore variable mortgage rates. The Bank of Canada stated the following reasons for holding the course: Continue reading »