by josh | Jul 12, 2019 | Uncategorized
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,...
by josh | Jun 26, 2019 | Uncategorized
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...
by josh | Jun 21, 2019 | Uncategorized
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...
by josh | Jun 13, 2019 | Uncategorized
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...
by josh | Jun 5, 2019 | Uncategorized
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...
by josh | May 29, 2019 | Uncategorized
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...
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