After the Bank of Canada announced in May that they had not made any changes to the overnight rate economists estimated that we wouldn't see a hike in the rate again until late in 2020. A few even predicted that we'd see at least one rate cut before then. This month...

Is there a way to test out homeownership before you do it for real? You might think renting is a good way to start, but it's only part of the test. Being a homeowner comes with several other expenses most renters (and those living at home) don't have to think about....

You have $18,100 in non-mortgage debt. If you were a homeowner between 1999 and 2016 that's what Statistics Canada discovered in a recent study the performed. The details released in April this year that the average homeowner household has this amount of non-mortgage...

The mortgage stress test. Most home owners shudder a little when they hear that phrase. And it's no wonder. About 10% of would-be mortgage owners who were able to get approved for a mortgage before the stress test was introduced can no longer get approval. The stress...

It was no surprise when the Bank of Canada made their announcement today and stated that they have not changed the overnight rate which currently rests at 1.75%. This interest rate has not seen any movement in seven months and it's no question why. Global trade...

A Retuers poll conducted this week has revealed that many economists agree that the Bank of Canada is done raising interest rates until at least the end of 2020. There's even a 40% chance that the Bank will end up making cuts to their interest rates. Reasons for this...

If you're looking to buy your first home you're probably a millennial, between the ages of 22 and 37. A recent study released by RBC Economic Research in February revealed that Canada has the greatest percentage of homeowners under 35 of any country. More than 40% of...

Springtime is a seasons of new beginnings. Many Albertans take the time to revel in the warmth, tackle their spring cleaning, or do a little shopping. According to new data from ratehub.ca this season may be the best one in which to take on a mortgage. Ratehub put...

On Wednesday the Bank of Canada included in its release that they have not changed the overnight rate which is currently 1.75%. This has been the rate for the last six months (October 2018) and speculators expect it will remain unchanged until late this year or early...

If you've never bought a house before, you might think the first thing to do is go house shopping! This can be a lot of fun, but it can also set you up for disappointment. The best first step you can take to pave the way to your first home is to get a pre-approval....