by josh | Jul 12, 2019 | Uncategorized
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.... 
by josh | Jun 26, 2019 | Uncategorized
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... 
by josh | Jun 21, 2019 | Uncategorized
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... 
by josh | Jun 13, 2019 | Uncategorized
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... 
by josh | May 29, 2019 | Uncategorized
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... 
by josh | May 24, 2019 | Uncategorized
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...
Recent Comments