Refinancing While Rates Are Low

Refinancing While Rates Are Low

The Bank of Canada announced on Wednesday that they will not be changing their overnight rate which is currently 1.75%. The rate has remained unchanged for the last six months (October 2018) and is expected to hold steady for at least most of this year, if not part of...
What Is a Mortgage Pre-Approval?

What Is a Mortgage Pre-Approval?

When you’re looking to buy a home for the first time, it is common to find yourself overwhelmed with the amount of information available to you from friends, family, and the internet. Information overload can leave you feeling unsure where to start. We’re...
Demystifying Credit Card Debt

Demystifying Credit Card Debt

If you’re like most credit card owners, you get your bill each month and stare a little mystified at your interest charges. What does it mean if you have a 19.99% interest rate? How do they calculate how much interest you owe? Is it calculated daily, monthly,...
Is It Really Best To Put 20% Down On A Home?

Is It Really Best To Put 20% Down On A Home?

How much money do you really need for a down payment? Most of us have always been told to aim for 20% down, but in the current economic climate, banks, realtors and other housing professionals have been encouraging a down payment of 5%. Most personal finance experts...
No Change to Bank of Canada’s Overnight Rate

No Change to Bank of Canada’s Overnight Rate

More and more it seems that The Financial Powers That Be have had bigger more aggressive plans than consumers were ready for. Back in 2017 and through most of 2018 the Bank of Canada was confident that several interest rate hikes in steady progression would be...