Rate Update…December 2018

Rate Update…December 2018

Rising Interest Rate & Your Mortgage Since the summer of 2017 we have seen Prime Rate increased five times by a total of 1.25%.  At the same time, five-year fixed-rate mortgage rates have also risen by approximately 1.65% to hover at about 4%.  The...

Your Credit Score – Update

Don’t be afraid of your Credit Score.  Learn to read it. Review it on a regular basis (every six months or so).  Put it on your list which includes furnace filters, smoke alarm batteries, blood work and oil changes!   A quarter of Canadians are in...
Credit Trap

Credit Trap

We are in the middle of a rising interest rate environment and as a result, we have one foot in a credit trap.   Most analysts are sounding the alarm on a possible deteriorating economic future. More and more consumers are using high-cost/interest debt to cover their...
Homeownership Benefits

Homeownership Benefits

Canada remains a nation of homeownership.  Studies show that Canadians within different age groups aspire towards homeownership.  Some say, buying a home is the more affordable option when compared to renting. Despite the rapid rise in home prices, those who are able...