Mortgage Blog

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Category: Financing (10 posts)

Tips for Improving Your Credit Score Before Applying for a Mortgage

Tips for Improving Your Credit Score Before Applying for a Mortgage

November 22, 2023 | Posted by: Jeremy Schaffner

Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage is ...

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Bank Of Canada Rate Update June 7, 2023

Bank Of Canada Rate Update June 7, 2023

July 19, 2023 | Posted by: Jeremy Schaffner

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the ...

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A Six-Step, Back to Basics Financial Plan for Most Every Canadian

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

March 1, 2023 | Posted by: Jeremy Schaffner

It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...

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Budgeting for Inflation

Budgeting for Inflation

November 30, 2022 | Posted by: Jeremy Schaffner

Budgeting for Inflation If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of cons ...

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Spring Clean Your Finances

Spring Clean Your Finances

August 31, 2022 | Posted by: Jeremy Schaffner

Spring Clean Your Finances Spring finally arrived after a long winter, and with inflation and the rising cost of living on everyone's mind, there's never been a better time to do a little spring clea ...

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Six Tips For Financial Fitness This Fall

Six Tips For Financial Fitness This Fall

April 6, 2022 | Posted by: Jeremy Schaffner

It's September and there is some optimism that we may be moving towards the end of life in a global pandemic. The Fall has had always been a great time to go back to school on financial fitness, and ...

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What are credit scores and how are they important?

What are credit scores and how are they important?

March 23, 2022 | Posted by: Jeremy Schaffner

A credit score is a number that shows how likely you are to pay or default on credit. It ranges from 300 to 850; the higher the number, the more creditworthy lenders deem you. Your credit history dete ...

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2021 Mortgage Stress Test - Latest Updates

2021 Mortgage Stress Test - Latest Updates

December 29, 2021 | Posted by: Jeremy Schaffner

On April 8th, the Office of the Superintendent of Financial Institutions (OSFI) announced that it is relaunching its consultation on the minimum qualifying interest rate for uninsured mortgages. Usual ...

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April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

December 15, 2021 | Posted by: Jeremy Schaffner

Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The ...

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April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

December 8, 2021 | Posted by: Jeremy Schaffner

The below details are what has been reported by the Bank of Canada Website Over the past two years, we spoke with thousands of Canadians about their views on the economy, inflation and what the Bank ...

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