(587) 414-0812 josh@mortgagesforless.ca

      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...

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      Homeownership: This Is a Test

      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....

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      Managing Credit Card Debt

      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...

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      Help Passing the Mortgage Stress Test

      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...

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      No Surprise, Overnight Rate Remains Unchanged

      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...

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      The Best Season To Get A Mortgage

      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...

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      Refinance Before Rates Rise

      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...

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      Why You Need a Mortgage Pre-Approval

      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....

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