‘Tis the Season… For a Mortgage

When winter has finally made its way out of town and spring has finally sprung, many Albertans relish a renewed sense of hope and cheerfulness. This can lead to a fresh start in many ways: spring cleaning, a new wardrobe, a new hobby, or a new home! According to new...

No New Rate From Bank of Canada

It’s been seven months since the Bank of Canada changed their benchmark rate and it’ll be at least another two more before we chance seeing a change. The rate was last increased in October 2018 and the Bank of Canada won’t meet again to discuss the...

Avoid These Common Millennial Homebuyer Regrets

According to a study released in February by RBC Economic Research Canada has the most millennial homeowners of any country. More than 40% of homeowners in Canada are between the ages of 22 and 37. Calgary in particular has a millennial homeownership rate of 50.6%....

To Refinance or Not to Refinance: Let the Rates Decide

If you’ve been following the Bank of Canada announcements for the last year you’ll know that the overnight rate hasn’t gone up since October last year, 6 months ago. On Wednesday the Bank announced that once again, they won’t be increasing...

Pre-Approval: Your First Step to Mortgage Success

Getting started on your first home-buying journey can start off with you on the a road with signs pointing in every direction. Friends, family, and the internet all have varying opinion on how to get started. But most experts agree that the step most likely to...

Potential Money for First-Time Home Buyers

The federal election is coming up this fall and the present office has offered up its proposed budget. Included were a couple of items first-time home buyers may like to take advantage of. The Liberals have stated in their budget that they plan to offer two ways in...

Calculating Credit Card Interest

Do you know how your credit card company calculates how much interest you owe at the end of each pay cycle? Do you know what your Annual Percentage Rate (APR) is and how it works? What about cash advances? Repayment timeline? If not, read on to find out what it all...

Which is Better: 5% or 20%?

For as long as anyone can remember, home buyers have expected to make a 20% down payment. But today, more and more buyers are putting down just 5%. Many financial experts will advise you not to borrow more than 80% of the cost of your home. When you put down at least...

Overnight Rate Unchanged

The Bank of Canada announced last week that their benchmark for the overnight rate will remain unchanged at 1.75%. The overnight rate has been at this level since October last year. The Bank stated, “Recent data suggest that the slowdown in the global economy has been...