Aug 7, 2020
Everyone knows you need good credit to buy your first house, but how does credit work and how do you get it? Read on to get the run down on the 5 C’s of credit: Character, Capacity, Capital, Collateral, and Conditions. Character Lenders want to know if...
Jul 12, 2020
In May the Bank of Canada released it’s announcement that they would not be changing their interest rates. The overnight rate had remained unchanged since October and financial speculators predicted that the rate would remain unchanged until next year. A very...
Jun 26, 2020
Are you a renter? Do you live at home? Are you planning on becoming a homeowner yourself one day? If purchasing your first home is on the docket you’ll have to prepare. You might be accustomed to taking care of a few bills. You may even be putting away money for...
Jun 21, 2020
Credit cards. Whether or not you have good feelings about them most Canadians need to use them in order to start building their credit. With credit card perks that include things like cash back, travel points, and free movies, making everyday purchases on a credit...
Jun 13, 2020
The mortgage stress test. Chances are you’ve heard of it. You may even have failed it. If you did, don’t feel too bad. Most people have been able to pass the test, but about 10% of people who would have previously been approved for a mortgage no longer...
Jun 5, 2020
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...
May 29, 2020
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...
May 24, 2020
Forty economists participated in a Reuters poll this week and determined that it is most likely the Bank of Canada interest rates will remain unchanged until the end of 2020 at the soonest and that there is a 40% chance we will see them make a cut to the interest...
May 17, 2020
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%....
Apr 26, 2020
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...
