(780) 455-8518 josh@mortgagesforless.ca

Get These Rates While They’re Low!

Back in May economists were confident that we wouldn't be seeing the Bank of Canada hike rates again until 2020 and a few were of the opinion that we'd be seeing at least one or two cuts to the overnight rate. This month, after the Bank's release, popular opinion...

read more

Put Your Homeowner Skills to the Test

Do you have what it takes to own your own home? If you're a renter you're probably already pretty good at doing the dishes, taking out the trash, keeping the grass cut, and paying your rent on time. But what else does it take to become a fully fledged home owner? What...

read more

How to Handle Credit Card Debt

Do you have a credit card? Do you have more than one? Most Canadians need to use credit cards in order to start building their credit. However, unless you know how you use them responsibly credit cards can be a slippery slope into mounting debt. In April this year...

read more

Beat the Stress Test

The mortgage stress test. Heard of it? You probably have. If not, it's a test the OSFI introduced at the start of 2018 to calculate whether borrowers could cope with either the Bank of Canada’s five-year average posted rate, or 2% higher than the actual mortgage rate...

read more

Spring/Summer Best Season for a Mortgage

Winters can be brutal in Alberta, which is why people perk up so much in the spring and summer. When the weather warms up, Albertans can be found starting their spring cleaning, basking in the sunlight, starting a new hobby, or making a new purchase. According to new...

read more

Standstill In Overnight Rate Continues

Back in 2017 the Bank of Canada starts steadily bumping up its overnight rate. But in October 2018 they had to halt progression at 1.75% because the economic climate at home and globally couldn't withstand further hikes. Today in the Bank's release they stated that...

read more

How to Avoid the Biggest Regrets Millennial Homebuyers Have

If you're a millennial, chances are you already own your own home or you're looking to buy one. Buying your first house has always been a big right of passage into adulthood, and according to a study released in February by RBC Economic Research it still is. More than...

read more

Low Rates Incentive to Refinance

Not even two years ago everyone expected interest rates to rise and to continue rising. The Bank of Canada implemented 6 consecutive rate hikes before coming to a standstill in October last year and announced on Wednesday that they will yet again keep rates as they...

read more

The Pre-Approval: Your Mortgage Guide

If you're looking to buy your first home but you're worried about hang ups along the way, the best way to be prepared is to get yourself a mortgage pre-approval. The sheer amount of information sure to fly at you from friends, family and the internet is enough to make...

read more