The 5 C’s of Credit for First Time Home Buyers

Character, Capacity, Capital, Collateral and Conditions. Knowing how these five characteristics apply to your quest to buy a home will make you a better, smarter, and more prepared first-time home buyer! Character If you ask a lender for a mortgage they're going to...

Global Uncertainty On the Horizon

In May it was pretty certain that the Bank of Canada would not be making any changes to the overnight rate any time soon and the same remains true this month after their recent announcement. In fact, economists are projecting that it may be 2021 before we see rates...

Play House Before You Buy One For Real

You might know what it takes to run your own home; paying the bills, doing the shopping, cooking the meals and cleaning up. If you pay rent you may also be pretty good at making a budget and living within your means. However, do you really know what it costs to own...

Credit Card Debt Consolidation

Credit cards. Love em. Hate em. Probably both. In any case, most Canadians hoping to start building their credit need to use one. Lenders have made credit card usage more and more attractive with the invention of spending perks like travel rewards and cash back. If...

Beat the Mortgage Stress Test

People looking to buy a new home, whether or not it is their first, have been struggling to cope with the mortgage stress test that was introduced by OSFI on January 1st 2018. This is in large part because the stress test measures your ability to deal with either the...

Spring/Summer Best Time For a Mortgage

After a long winter many Canadians feel like they're coming out of a deep freeze. As soon as the weather warms up you'll see Albertans out of doors as much as possible. Whether they're soaking up the sun, getting started on their spring cleaning, or just taking the...

No Change to Overnight Rate

The Bank of Canada released their statement today and it's not surprise that they have not changed the overnight rate. The rate which currently rests at 1.75% has remained unchanged since October. The Bank had been gradually increasing interest rates but stopped when...

Don’t Make These Mistakes Millennial Homebuyers Regret

Chances are that if you’re looking to buy your first home you’re a millennial (someone between the ages of 22 and 37, or born between 1981 and 1996). One of the biggest rights of passage into adulthood has always been buying a house. And according to an RBC Economic...

Refinancing While Rates Are Low

The Bank of Canada announced on Wednesday that they will not be changing their overnight rate which is currently 1.75%. The rate has remained unchanged for the last six months (October 2018) and is expected to hold steady for at least most of this year, if not part of...

What Is a Mortgage Pre-Approval?

When you're looking to buy a home for the first time, it is common to find yourself overwhelmed with the amount of information available to you from friends, family, and the internet. Information overload can leave you feeling unsure where to start. We're here to tell...

Proposed Federal Home-Buyer Incentive

With the federal election coming up this Fall, the Liberal government has released its proposed budget, and with it, Federal Home-Buyer Incentives. The federal government has proposed that it will provide assistance in two ways for first-time home buyers to manage the...