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

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 rate...

Biggest Regrets Millennial Homeowners Have

If you're a millennial and you're looking to buy your first home, you're not alone. According to an RBC Economic Research study released in February of this year, Canada has the world's largest group of homeowners. Millennials in Canada make up more than 40% of...

Refinance Beofre Rates Increase

The Bank of Canada announced on Wednesday that they will not be increasing the overnight rate this month. At 1.75% the overnight rate, which directly affects mortgage interest rates, has not changed since October last year. It is not expected that the overnight rate...

Why You Need A Pre-Approval

If you're looking to buy your first house you may already be aware of how much information there is to take in. On top of that, friends, family and experts are all likely to give you different and sometimes conflicting advice. When it comes to taking your first step...

Federal Incentive to Help Home Buyers

The federal election is coming up this fall, which means the party in power is pulling all the stops in hopes of re-election. The proposed 2019 Liberal budget was released, and with it a couple of highlights for first-time home buyers. The budget proposes to increase...

Understanding Credit Card Debt

Credit cards. Everyone has one. Many have more than one. And we all know how quickly the debt can build up, especially with mounting interest. You probably know what the interest rate is on your credit card, but do you know how the interest is calculated? When is...

How Much Do I Need For A Down Payment?

Until recently, it was generally expected that a home buyer would have to supply a 20% down payment. This is because interest rates were high, which meant the bigger your down payment the smaller your monthly mortgage payment. But in today's economic climate, most...

Bank of Canada Waiting to Hike Rates

The Bank of Canada announced last week the need to wait before continuing to increase interest rates. The Bank had previously been insistent that continued rate hikes would be necessary in order to keep inflation in an acceptable range, but doing so did not have the...