Welcome to the world of personal finance! If you’re new and enthusiastic about diving into credit management, you’re in the right place. Navigating the apparent catch-22 of building credit might seem daunting, but fear not – with a strategic approach, you can confidently build a solid credit history over time.
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Home Credit Boost: Elevate Your Score for Mortgage Success
Embarking on the journey to your dream home? The key to unlocking the best mortgage lies in a robust credit score. In this guide, discover actionable strategies for a home credit boost that ensures favourable rates and mortgage options.
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Mortgage Refinancing for Financial Freedom
If you’re a homeowner seeking to enhance your financial well-being, there’s a powerful tool at your disposal: your home’s equity. Let’s delve into the world of mortgage refinancing and discover how it can pave the way for financial freedom.
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The Home Buying Process Explained
If you’re in the early stages of planning to buy either your first home or your next home, you’ve come to the right place! Even if you’ve been through it before, the home buying process can be daunting, but it doesn’t have to be when you have the right people on your side!
Continue reading →BCREA – Housing Market Activity Remains Slow in November
The British Columbia Real Estate Association (BCREA) reports that a total of 4,512 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2022, a decrease of 50.8 per cent from November 2021 and about 30 per cent below a historical average November. The average MLS® residential price in BC was $906,785 an 8.6 per cent decrease from $992,245 recorded in November 2021. Total sales dollar volume was $4.1 billion, a 55 per cent decline from the same time last year.
Continue reading →Bank of Canada Rate Announcement Dec 7th, 2022
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening.
Continue reading →Options For Your Downpayment
Your downpayment refers to the initial payment you make when buying a property through mortgage financing. A downpayment is always required when purchasing, because in Canada, lenders are only allowed to lend up to 95% of the property value, leaving you with the need to come up with at least 5% for a downpayment.
Continue reading →Paying Off Your Mortgage As Quickly As Possible
Being a home owner is excellent, having a huge mortgage isn’t. So, if you have a mortgage that you’re looking to get rid of as quickly as possible, here are four things you should consider doing.
Continue reading →BCREA Economics – Canadian Inflation (October 2022) – November 16, 2022
Canadian prices, as measured by the Consumer Price Index (CPI), rose 6.9 per cent on a year-over-year basis in October, a rate of change equal to the prior month. After falling for the prior three months, a rise in gasoline prices in October kept the CPI steady year-over-year.
Continue reading →Mortgage Financing Explained
If you’re like most Canadians, chances are you don’t have enough money in the bank to buy a property outright. So, you need a mortgage. When you’re ready, it would be a pleasure to help you assess and secure the best mortgage available. But until then, here’s some information on what to consider when selecting the best mortgage to lower your overall cost of borrowing.
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