The Calgary Housing Market Expected to Stay Stable for 2018

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 limit loan to value ratios among others that were targeted at cooling. Conversely, the Fort McMurray housing market is crashing along with activity in the oil patch. But where does that leave Calgary’s housing market?

The Credit Question: What you Need to Know about Credit

Your credit score is probably the most important component of your mortgage application because it’s the primary factor that banks and lenders use to determine your creditworthiness. It tells lenders how likely you are to pay your bills on time, because it reflects every credit card, loan payment and late payment you’ve ever made b and every bankruptcy or credit problem you’ve undergone. With so much weighing on this tiny little number, it’s important to understand what it is, how it’s calculated and what you can do to manage it.