Shopping for your home as a first-time homebuyer can be daunting and stressful; the Canada Mortgage and Housing Corporation agrees. That’s why the Crown Corporation releases an annual mortgage consumer survey. “Shopping for a mortgage can … Read More
Living a lifestyle that you can’t afford can seem like a seductive dream to some, and a debt trap to others. Marketers everywhere present us with options for lifestyles we want but can’t afford. Or can … Read More
Many Canadians encounter credit issues when life hurdles get in the way; whether it’s an illness, a job loss, or just a lack of credit. It can take some time to get back on the right … Read More
In its latest monetary policy decision, Canada’s central bank announced Wednesday its benchmark interest rate will remain at 1.5%. The bank has gradually hiked its target overnight lending rate four times since mid-2017 – most recently … Read More
Renewing a mortgage this year might be a little scarier than in years past, due to recent mortgage rule changes, but don’t sweat it. Despite what your current lender may tell you, you are still able … Read More
Having the same bank has its advantages: one debit card to carry, one online banking password and PIN to remember, and the opportunity to get a monthly discount if you have multiple products with the same … Read More
Unless you come up with the cash to pay off the entire balance of your mortgage in your first mortgage term, you’ll likely face a few renewals in your lifetime. A mortgage renewal is simply the … Read More
Even with the Bank of Canada standing pat on hikes (for now), it’s all about interest rates this month as consumers anticipate the next turn of the screw on higher borrowing costs. Here are some personal … Read More
Higher interest rates are a matter of when, not if, but Canada’s central bank announced Wednesday it’s holding its overnight lending rate at 1.25%. “Higher interest rates will be warranted over time, although some monetary policy … Read More
Buying a home is exciting. And stressful. Getting a mortgage only adds to the stress, so why not make sure you plan accordingly – and try to reduce some of that stress — before taking on … Read More