by Josh | Mar 21, 2019 | Credit Analysis, Mortgage Blog
If you’re like most credit card owners, you get your bill each month and stare a little mystified at your interest charges. What does it mean if you have a 19.99% interest rate? How do they calculate how much interest you owe? Is it calculated daily, monthly,... by Josh | May 1, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Videos
Canada’s housing market has long been considered quite overheated. This trend is mostly driven by the extreme markets of Vancouver and Toronto housing markets; these are the markets that government regulations that limit loan to value ratios among others were targeted... by Josh | Apr 15, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News
Governor Stephen Poloz and his Governing Council ended their deliberations on April 18th, and the end decision was not to raise interest rates. This has left the benchmark interest rate at 1.25% for now. However, they are unlikely to keep interest rates this low for... by Josh | Apr 1, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Videos
Housing price increases have outpaced inflation for years, pricing many Millennials out of the housing market. For many Millennials, the solution has been to remain at home for years longer than their parents planned. In fact, roughly a third of those between the ages... by Josh | Mar 21, 2018 | Credit Analysis, Economic, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News
On March 20, 2018, the FCAC issued a report dispelling any myth that the Big 6 banks are friendly, supportive institutions – or even neutral. The FCAC report said that the banks had too much of a focus on selling products and services. It warned that they lacked... by Josh | Mar 8, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News
Thank you, Donald Trump. Those unlikely words from Canadian mortgage leaders are the result of the economic uncertainty created by Trump’s politicization of the renegotiation of NAFTA. This fact, combined with the slowdown in domestic spending at the end of 2017 that...