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Is Now a Good Time To Buy? (Covid-19)

Is Now a Good Time To Buy? (Covid-19)

If you’ve been thinking about buying a new home, chances are the instability of the Canadian economy and the impact Covid-19 has you second-guessing yourself. And chances are, at this point in time, you are probably right to do so. Right now there is uncertainty in...
Deferring Mortgage Payments. (Covid-19)

Deferring Mortgage Payments. (Covid-19)

In response to the Covid-19 crisis; for those individuals financially affected, banks and the government have announced that payment relief may be available for up to 6 months of deferred mortgage payments.   As information is changing daily, or hourly, if you have...
I Missed a Credit Card Payment… Now What?

I Missed a Credit Card Payment… Now What?

If you’ve missed a payment on your credit card (or line of credit) and you’re wondering how this will impact your creditworthiness down the road, this article is for you. But before we get started, if you have an overdue balance on any of your credit cards...
New Stress Test On Insured Mortgages

New Stress Test On Insured Mortgages

Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of...