by Josh | Mar 27, 2019
The Federal election is coming up this fall which means the office in power has released its proposed 2019 budget. It includes several bits of bait to encourage re-election, including two incentives for first-time home buyers. The first lure is a change to the...
by Josh | Mar 21, 2019
Ever wonder why one month you get your credit card statement and your interest charges are surprisingly low, and the next month they’re higher than you expected? There’s a reason for that. When do you pay interest When you make a charge on your credit card...
by Josh | Mar 15, 2019
How much do you need for a down payment on a house? For a long time it was common for housing professionals to suggest buyers plan to provide 20% down. But in the current economic climate it is far more common for buyers to provide 5% down. Some financial experts will...
by Josh | Mar 12, 2019
When the Bank of Canada (BoC) announced in 2017 that they were embarking on an upward trend on interest rates, there was some concern from consumers. The BoC insisted it would be necessary in order to keep inflation in check, but many in the finance industry...
by Josh | Mar 4, 2019
Back near the end of 2017 the Office of the Superintendant of Financial Instituions (or OSFI if you’d like to get to the point) introduced a mortgage stress test. And ever since, it’s been near impossible for many in the market to get approval to buy a...
by Josh | Jan 18, 2018
Buying a home is probably the single most expensive purchase a person will make during his or her lifetime. However, not understanding the various facets of your mortgage options or the buying process could wind up costing you dearly if you aren’t careful. More...
