First Time Home Buyers and the 5 C’s of Credit

First Time Home Buyers and the 5 C’s of Credit

There’s a lot to know before you buy a house but today we’re here to tell you about the 5 C’s of credit: Character, Capacity, Capital, Collateral, and Conditions. These 5 C’s together come together for one more important C we’ll tell you...
Global Trade Uncertainty Leads to Lower Mortgage Rates

Global Trade Uncertainty Leads to Lower Mortgage Rates

In May when the Bank of Canada released its statement that they would not be increasing interest rates, almost nobody was surprised. In fact, there were a few who thought it meant that down the line we would see the central bank making cuts to its interest rates. This...
Playing House Before Buying One

Playing House Before Buying One

When you were a kid did you ever play house? Pretend what kind of place you’d live in, who you’d live with, and how many dogs you’d have? You probably pretended to make meals, do the cleaning, and solve arguments, but did you pretend to pay the...
Consolidating Credit Card Debt

Consolidating Credit Card Debt

Credit cards might make us feel shiny and satisfied when we use them. But they can also make us feel a bit (or a lot) of dread when the bill shows up in the mailbox (or the inbox.) Credit cards can be a great tool to help young and new Canadians build credit, but they...
Mortgage Stress Test? No Sweat!

Mortgage Stress Test? No Sweat!

Many people hoping to buy a house, whether it’s their first or their fifth, have been struggling to cope with the mortgage stress test. The test was introduced by OSFI at the onset of 2018 when concerns arose about mortgage owners’ abilities to withstand...