How Millennials Can Leave the Nest
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...The Big Six Are Not Your Friends
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...Interest Rates Steady after Bank of Canada Meeting
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...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...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.
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