Noma the Spelling Bee Queen
  
Noma is now in grade 5, and she participated in the Spelling Bee contest for the entire school. She made it to the final 4 and was the last girl standing alongside a couple of grade 7 kids.
She spelled out some words that I surely could not have spelled myself without help from spell checker lol. She really wanted to win, so it was hard for her to accept anything other than the #1 spot.
We were tremendously proud of her, and hope she continues to participate for the next couple of years.
Understanding Fixed and Variable Mortgage Rates: What’s Right for You in Today’s Market?
When it comes to choosing a mortgage, one of the most important decisions to consider is deciding between a fixed-rate and a variable-rate mortgage. Both options have their benefits, but the best choice depends on your financial goals, tolerance for risk, and the current economic climate. Let’s break it down:
Fixed-Rate Mortgages
A fixed-rate mortgage locks in your interest rate for the duration of your term, usually 1 to 5 years.
Benefits:
Predictability: Your monthly payments stay the same, which makes budgeting easier.
Stability: You’re protected from interest rate hikes, providing peace of mind.
Ideal for Long-Term Planning: If you plan to stay in your home for a while or prefer financial consistency, this option is great for you.
Drawbacks:
Fixed rates are often higher than variable rates at the start of the term. You might miss out on savings if rates drop during your term.
Variable-Rate Mortgages
Variable-rate mortgages, on the other hand, have an interest rate that fluctuates with changes to your lender's prime rate.
Benefits:
Lower Initial Rates: Historically, variable rates tend to be lower than fixed rates.
Potential Savings: If interest rates decrease, you benefit from lower monthly payments.
Flexibility: Variable-rate mortgages often have lower penalties if you choose to break your term early.
Drawbacks:
Payments can increase if interest rates rise, leading to unpredictability. Not ideal for those who prefer financial stability or have a tight budget.
Let’s Talk About Your Goals
Every borrower’s situation is unique. Whether you’re a first-time homebuyer or looking to refinance, I’d love to discuss your options and help you choose the best mortgage strategy for your needs.
Feel free to reach out for a personalized consultation—I’m here to help you make informed decisions with confidence.
Canadian home sales take a tumble in February as tariff anxieties keep buyers at bay: CREA
Homebuyers stayed on the sidelines in February 2025, leading to a significant drop in home sales across the country, according to the latest market report from the Canadian Real Estate Association (CREA).
With the ongoing trade war between Canada and the United States, market activity slowed to its lowest level in over a year.
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