RIHANA PEIMAN
What You Need to Know About FIRST HOME SAVINGS ACCOUNT (FHSA)
In January 2023, this new account was launched as a great savings vehicle for your homebuying goals without paying the tax on these...
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Licensed Mortgage Broker
Licensed Investment & Insurance Advisor
RIHANA PEIMAN
- Jun 3
- 3 min
How Bond Yields Relate To Fixed Mortgage Rates?
Banks buy bonds as a low-maintenance (less costly) source of fixed-interest income. On the other hand, the fixed mortgage rates banks...
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RIHANA PEIMAN
- Jan 22
- 4 min
OSFI's Proposals: New Mortgage Lending Restrictions
On January 12, 2023, the Office of the Superintendent of Financial Institutions (OSFI) announced that OSFI is considering new mortgage...
56 views0 comments
RIHANA PEIMAN
- Jan 20
- 1 min
What is the Minimum Down Payment for purchasing a home in Canada?
Your minimum mortgage down payment depends on the purchase price. There are three scenarios: For properties up to $500,000, the minimum...
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RIHANA PEIMAN
- Dec 29, 2022
- 1 min
Why a Business Plan for a Commercial Mortgage?
Every business needs a strategic path to forecast the financial future of your company within the next few years. An effective business...
17 views0 comments
RIHANA PEIMAN
- Dec 27, 2022
- 2 min
2022's Canada Mortgage Market at a Glance
As we move into 2023, Canadians witnessed a series of mortgage interest rises in the last eight months since the Bank of Canada has been...
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RIHANA PEIMAN
- Dec 18, 2022
- 1 min
A Mortgage Scenario: How Variable Mortgage Payments Have Changed in 2022
On 7 December, 2022, the Bank of Canada hiked its key interest rate by 50 basis points to 4.25%, the seventh consecutive rate hike in...
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RIHANA PEIMAN
- Dec 18, 2022
- 1 min
An Overview of the Overnight Rate Increase in 2022 And Its Difference With the Prime Rate
What is the key policy rate (Overnight Rate)? Average interest rate for one-day loans between financial institutions: the interest set by...
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RIHANA PEIMAN
- Dec 18, 2022
- 1 min
Bank of Canada's 2023 Schedule For Interest Rate Announcements
The dates are as follows: Wednesday, January 25* Wednesday, March 8 Wednesday, April 12* Wednesday, June 7 Wednesday, July 12* Wednesday,...
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RIHANA PEIMAN
- Dec 17, 2022
- 1 min
What Is the Trigger Rate and what happens when you hit the trigger rate?
If you have a Variable-Rate Mortgage (VRM) with Fixed Payments, Trigger Rate is an important factor that you may want to consider when...
28 views0 comments
RIHANA PEIMAN
- Dec 9, 2022
- 2 min
What Is the CPI and How It Measures Inflation?
The Bank of Canada applies the consumer price index (CPI) to target inflation. In other words, CPI tracks how much the average Canadian...
32 views0 comments
RIHANA PEIMAN
- Dec 4, 2022
- 1 min
What Are Key Requirements for the Reverse Mortgage?
A reverse mortgage is not for everyone. You must be at the age of 55+, and a Canadian homeowner. Two above factors are required in order...
9 views0 comments
RIHANA PEIMAN
- Dec 4, 2022
- 1 min
What is Mortgage Stress Test Rate?
If your mortgage is with a federally regulated lender such as chartered banks, all you need to do is to add 2% to your contract rate and...
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RIHANA PEIMAN
- Dec 1, 2022
- 2 min
10 “Must Know” Credit Score Facts
Like other loans, a mortgage is not an exception where a good credit score plays a key role in a lender’s decision to offer credit. Just...
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RIHANA PEIMAN
- Dec 1, 2022
- 1 min
First Time Home Buyer Incentive (FTHBI): Myths & Facts
Below are details of the more common myths to give you a better idea of the real truth about FTHBI: 𝗠𝘆𝘁𝗵: The incentive is free money...
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