House Hunting Tips
Posted on May 06, 2019
When you’re looking for a new house and visiting potential properties, it is easy to get caught up in the moment and start to make compromises in what you want. Sometimes there is pressure to make a fast decision, especially in hot markets. You might also get caught up in seeing something you really want and that can effectively give you tunnel vis...More Households in Canada Investing in Renovations
Posted on May 06, 2019
Statistics Canada recently released its quarterly report on residential construction investment, announcing a significantly year to year income. In total, $35.8 billion was invested in residential construction in the third quarter of 2017, which is a 9.1% increase compared to the same period last year. This is the largest increase since the fourth...
CMHC Rising Housing Prices Study
Posted on May 06, 2019
Back in June 2016, the Canadian Mortgage and Housing Corporation (CMHC) launched a study to help better understand the rapidly rising price of homes in major metropolitan cities in Canada. The report that was produced was one of the most advanced and data driven analyses. Why was this study done?
Housing affordability is one of the major challenges...
How To Maintain a Good Credit Rating
Posted on May 06, 2019
Want to make it easier on yourself to get an auto loan, mortgage or new credit card account? Just follow these simple tips below to help maintain a good credit score. Pay Your Bills on Time
Even a single late payment can affect your credit score adversely. Not only must you make your credit card statements on time buy you must make prompt payments o...
Credit Card Debt vs. Mortgage Debt
Posted on May 06, 2019
It is always a good idea to pay off debt when you have some extra cash on hand. However, when it comes to the different type of debt you can pay off, it is hard to know which debt the best is to pay off. Your credit card has a maximum amount you can borrow and the monthly payments for a credit card are based on how much you currently owe. Your mort...
What is Refinancing?
Posted on May 06, 2019
Refinancing your mortgage is when you pay off your existing mortgage and set up a new mortgage. Homeowners have the option to refinance their mortgage with their current lenders or find a different lender. Majority of Canadians choose to refinance their mortgage, as to take advantage of lower interest rates, there are other things to consider too w...
