Fiona Campbell, Forbes Advisor Canada Journalist Profile

Articles

The Bank Of Canada Holds Key Interest Rate At 2.75% Again – Forbes Advisor Canada

3 weeks ago | forbes.com | Fiona Campbell

The Bank of Canada once again held its key interest rate at 2.75%, the second pause after seven consecutive rate cuts.
EQ Bank Review 2025: Under The Hood Of A Leading Challenger Bank – Forbes Advisor Canada

1 month ago | forbes.com | Fiona Campbell

EQ Bank has been making waves in the industry with its offerings. How does it stack up against similar institutions, though?
BMO Mortgage Rates – Forbes Advisor Canada

1 month ago | forbes.com | Fiona Campbell

We review the Bank of Montreal’s mortgage rates and products offered to help you decide if it’s a good fit for your needs.
Equitable Bank Mortgage Rates 2025 – Forbes Advisor Canada

1 month ago | forbes.com | Fiona Campbell

Forbes Advisor Canada reviews Equitable Bank’s rates and products to help you decide if these are a good choice for your mortgage.
What Happens If Your Mortgage Renewal Is Denied?

Nov 18, 2024 | forbes.com | Fiona Campbell |Aaron Broverman

Approximately 1.2 million fixed-rate mortgages are up for renewal in 2025, according to the Canada Mortgage and Housing Corporation (CMHC). Notably, over 85% were originally contracted when the Bank of Canada policy interest rate was at or below 1% compared to its current rate of 3.75%. It’s no surprise that over 2.2 million Canadian homeowners face higher payments when their mortgages come up for renewal in 2025 and 2026, notes the CMHC.
Should I Sell My House For Cash?

Nov 4, 2024 | forbes.com | Fiona Campbell |Aaron Broverman

Maybe you’ve seen the lawn signs posted in your neighbourhood that scream, “We Buy Houses For Cash! Any Condition!!” Or perhaps you’ve received a quasi-personalized handwritten flyer in the mail promising a “Cash Deal!” or “Quick Sale! As Is!” for your home. Listing a house for sale can be stressful, even when working with an experienced realtor.
What Is An ODSP Loan?

Oct 25, 2024 | forbes.com | Aaron Broverman |Fiona Campbell

An ODSP loan is a loan that considers Ontario Disability Support Program (ODSP) payments as qualifying income for borrowing money. How Does the Ontario Disability Support Program Work? The Ontario Disability Support Program is a monthly income benefit from the provincial government provided to Ontario residents 18 years or over with disabilities or who are members of a prescribed class who have a financial need due to an illness or disability that limits their ability to work.
How Mortgage Rates and Interest Rates Work: 2024 Guide – Forbes Advisor Canada

Oct 25, 2024 | forbes.com | Fiona Campbell

To get a better grasp of how mortgage rates fluctuate and where they might be going, it can be useful to decode some basic economic principles. Here’s a basic guide.
Feds Announce New Refinance Rules For Secondary Suites

Oct 11, 2024 | forbes.com | Fiona Campbell |Aaron Broverman

New federal measures can soon help homeowners build a secondary suite as part of their home. On Tuesday, October 8, 2024, Deputy Prime Minister Chrystia Freeland announced that Canadians will be able to access up to 90% of their home’s value through insured mortgage refinancing to build secondary suites starting January 15, 2025.
Is Mortgage Interest Tax Deductible In Canada?

Oct 9, 2024 | forbes.com | Fiona Campbell |Courtney Reilly-Larke

A tax deduction lowers your taxable income. Some common tax deductions include RRSP contributions, child-care expenses and support payments that are deducted from your income. This differs from a tax credit, which reduces the tax you owe and can either be refundable (resulting in a tax refund) or non-refundable (no refund). An example of a refundable tax credit is the GST/HST credit, while a non-refundable tax credit is the First-Time Home Buyers credit.