Consolidating Credit Card Debt

Consolidating Credit Card Debt

Credit cards might make us feel shiny and satisfied when we use them. But they can also make us feel a bit (or a lot) of dread when the bill shows up in the mailbox (or the inbox.) Credit cards can be a great tool to help young and new Canadians build credit, but they...
Mortgage Stress Test? No Sweat!

Mortgage Stress Test? No Sweat!

Many people hoping to buy a house, whether it’s their first or their fifth, have been struggling to cope with the mortgage stress test. The test was introduced by OSFI at the onset of 2018 when concerns arose about mortgage owners’ abilities to withstand...
Is Spring the Best Time to Get a Mortgage?

Is Spring the Best Time to Get a Mortgage?

Albertans coming out of winter often look like people who have been recently held hostage in a deep freezer for months on end. But thankfully this starts to wear off at the weather warms up. Numb looks of resignation disappear and are replaced with expressions of...
Bank of Canada Leaves Overnight Rate Unchanged

Bank of Canada Leaves Overnight Rate Unchanged

Nobody was surprised to hear today that the Bank of Canada did not change it’s overnight rate of 1.75%. In 2017 the Bank was steadily increasing the overnight rate and was openly discussing the intention to continue doing so. However, after several successful...