The 5 C’s of First Time Homebuying Credit

The 5 C’s of First Time Homebuying Credit

In order to buy your first house (and every house afterward) you’ll need good credit. This can be broken down into 5 C’s: Character, Capacity, Capital, Collateral, and Conditions. With a firm grasp of these 5 C’s you’ll be able to make your...
Low Trade Certainty Means Low Rates

Low Trade Certainty Means Low Rates

The longer The Bank of Canada has gone without making a change to their overnight rate, the more speculation changes on what they will act in the future. After their last announcement in May it was commonly believed that we wouldn’t see the bank increase rates...
The Pretend Homeowner

The Pretend Homeowner

What is a pretend homeowner? It’s someone who hasn’t bought their first home yet but lives financially as though they have in preparation for homeownership. Doing this gives the pretender a good idea what they’re in for and the chance to find out if...
Credit Card Debt Consolidation

Credit Card Debt Consolidation

Credit cards. Maybe they make you cringe. Maybe they make your eyes light up. Either way, they can be an effective tool for Canadians looking to build their credit. With perks like travels rewards and cash back, credit cards are an attractive option. However, if you...
Beating the Stress Test

Beating the Stress Test

If you’ve been recently looking at buying a house there’s no doubt the phrase “stress test” puts a bad taste in your mouth. On January 1st 2018 OSFI introduced their mortgage stress test. This test implements a few extra hoops for mortgage...