Housing affordability has been a growing concern for many Canadians, particularly those living in British Columbia. With the pandemic only exacerbating the situation, the Canadian government recently took action to address this issue by implementing a two-year ban on foreign buyers. This ban, which took effect on January 1, 2023, is seen as a strategy to ensure that housing is accessible to Canadian families who want to build a life together. In this blog post, we’ll examine the specifics of this new ban and discuss how it will address the issue of housing affordability in BC.

Retirement planning can be tricky, and it's common for homeowners to find themselves in need of extra cash to manage their financial needs. Luckily, there is a way for homeowners aged 55 and up to access up to 55% of their home's equity in tax-free cash without having to make any monthly payments. That solution is the CHIP Reverse Mortgage from HomeEquity Bank. In this blog post, we'll explore the various ways in which homeowners can use the CHIP Reverse Mortgage to meet their financial needs in retirement.

Do you ever wonder how successful business owners manage their personal finances? Do they handle their money differently than regular people? The answer is a resounding yes! Business owners have a different mindset when it comes to finances. They think about the big picture and how to create more wealth instead of nitpicking small details. In this blog, we’ll teach you how to run your financial life like a CEO.

Divorce is never easy, and there are a lot of things to consider when it comes to splitting assets. One of the most significant assets for many couples is their home, and deciding what to do with it can be a significant source of stress. However, with a spousal buyout, you can buy your ex-partner's interest in the home and keep your home without the need to sell. In this post, we'll go over what you need to know about spousal buyout and how it could be the right choice for you.

Managing finances can be overwhelming, especially when it comes to debt. One major aspect that requires attention is your TDS - Total Debt Servicing, which calculates how much money is needed annually for your loan repayments and other debts. The lower your TDS, the better you can manage your finances and secure your future financially. In this blog post, we will discuss how to calculate your TDS, the ideal TDS for most families, and the benefits of lowering it to below 20%.