5 C’s For First Time Home Buyers

5 C’s For First Time Home Buyers

What does it take to be a homeowner? A down payment, certainly. A good job, yes. Strong financial planning, absolutely. And how about credit? How can you know if you've got good credit? And if you don't, how can you make it stronger? Here are the 5 C's of credit for...

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Global Uncertainty Hurting Canadian Economy

Global Uncertainty Hurting Canadian Economy

The common consensus in May was that the Bank of Canada wouldn't be increasing the overnight rate again for another 12 to 18 months. With this week's announcement from the central bank this forecast is even more certain. In fact, more and more economists are expecting...

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Practicing Being a Homeowner

Practicing Being a Homeowner

If you're thinking about buying your first home you may already be familiar with what it takes to be a homeowner. Paying the bills, cooking, cleaning, and doing the shopping. You might have a lot of practice at these kind of responsibilities but unless you planned for...

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Consolidating Credit Card Debt

Consolidating Credit Card Debt

Most people have a love/hate relationship with credit cards. But they are often a necessary for many Canadians when they want to start building their credit. Attractive options like credit cards with cash back or travel rewards can be excellent tools if you know how...

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How to Beat the Mortgage Stress Test

How to Beat the Mortgage Stress Test

If you've been paying attention to the housing market then the phrase "stress test" will mean something to you. Maybe even something bad. The test, which was brought in by OSFI at the start of 2018, is most known for the impact it has on one's ability to handle a...

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Best Season To Get A Mortgage

Best Season To Get A Mortgage

By the end of winter most Canadians are chilled to the bone. Once warmer weather starts to warm us up you're likely to see Albertans soaking up the sun as much as possible. Whether they're working on freshening up their pasty complexions, washing away the salt and...

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Overnight Rate Remains Unchanged

Overnight Rate Remains Unchanged

In their statement released today the Bank of Canada announced that they will not change the overnight rate. Currently sitting at 1.75% the overnight rate has remained unchanged since October of last year. The Bank had formerly been steadily increasing the overnight...

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Millennials Regret These Homebuying Mistakes

Millennials Regret These Homebuying Mistakes

Millennials are people born between 1981 and 1996. These people today are between the ages of 22 and 37, and worldwide they make up a large percentage of homeowners worldwide. In Canada more than 40% of homeowners are under the age of 35, and in Calgary in particular...

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Low Rates Mean It’s Time To Refinance

Low Rates Mean It’s Time To Refinance

The overnight rate has been 1.75% since October and on Wednesday the Bank of Canada announced that it will remain unchanged. Speculators suggest that this will be the case for most of the rest of this year if not part of next year as well. What this means for your...

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