Just like regular oil changes for your car, keeping up with regular home maintenance tasks will keep you from future headaches and wasted money. Summer maintenance is one of the most enjoyable, as it is a time to focus on the exterior of your home, while getting some sunshine as...
Will the lowering of the qualifying mortgage rate help the first time homebuyers?
Many first time homebuyers were excited to hear that the Bank of Canada has lowered the rate used for mortgage stress test. The benchmark posted 5-year fixed rate has fallen from 5.34% to 5.19%. It's the first change since May 9, 2018. And it's the first decrease since Sept 7,2016...
Understanding your Credit report and the impact of a foreclosure.
A credit report is a history of how consistently you pay your financial obligations. It is created when you first borrow money or apply for credit and it's built over time. Looking at the Canadian Bankers Association's report on mortgage delinquency, it shows that the national average of .25% of...