A Millennial Rant – Where’s the Job Market I Was Promised?

September 10, 2016 Benjamin Sammut 0

When I graduated university in the fall semester of 2013, I came out with guns blazing. 14 years of public schooling combined with my 4-year bachelor’s degree meant I had earned my stripes. I’d paid my dues. I’d accomplished more than my parents had. The world owed me success because I had persevered and I was ready to bask in […]

Down payment Rules – Should I Wait for 20%?

June 13, 2016 Benjamin Sammut 0

We hear a lot of homebuyers saving aggressively nowadays in order to facilitate a large down payment on a home. Many of them aim for the coveted 20% down payment as a means of avoiding high-ratio mortgage insurance (we’ll refer to it solely as CMHC for the purpose of this article). Their reasoning is that there’s no need to pay […]

Fixed Rate Mortgage: The $17,000 Surprise

May 11, 2016 Benjamin Sammut 0

My father always told me there are two certainties in life – death and taxes. And while I optimistically believe this, I’d like to add a third – the banks will always make their money. In this instance, I’m talking about penalties for breaking a mortgage. When it comes to mortgage planning, penalties play a huge role and you can […]