Mortgage Blog
Your Choice for everything Mortgage in Vernon B.C.
Category: Financing (24 posts)
Do you need a Personalized Paydown Plan for your holiday bills?
January 28, 2025
Most Canadians suffer with their highest personal debt load in January, when the "holiday hit" arrives and your credit card statements let you know just how much the festive season cost you. It's espe ...
read more
Understanding Capital Gains in Canada
November 11, 2024
What Are Capital Gains? Capital gains refer to the profit you earn when you sell a capital asset-such as property or investments-for more than its original purchase price. For example, if you bough ...
read more
7 Financial Tips for People Looking to Buy an Investment Property in Canada
July 19, 2024
Investing in real estate can be a powerful way to build wealth, but it's essential to approach it with a well-thought-out strategy. Here are seven financial tips to help you purchase an investment pro ...
read more
Tips for Improving Your Credit Score Before Applying for a Mortgage
November 1, 2023
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 ...
read more
Bank Of Canada Rate Update June 7, 2023
June 7, 2023
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 ...
read more
A Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022
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 ...
read more
Budgeting for Inflation
August 3, 2022
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 ...
read more
Spring Clean Your Finances
April 8, 2022
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 ...
read more
Six Tips For Financial Fitness This Fall
September 8, 2021
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 ...
read more
What are credit scores and how are they important?
September 1, 2021
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 ...
read more
2021 Mortgage Stress Test - Latest Updates
April 21, 2021
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 ...
read more
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
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 ...
read more
April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021
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 ...
read more
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing
March 10, 2021
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 B ...
read more
How Good vs Bad Debt Impacts Your Household in Vernon, BC
January 20, 2021
In order to understand the difference between good and bad debt, it's important to track your income and expenses and established saving goals for your family. Financial stability allows you to mee ...
read moreBank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing
January 20, 2021
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 B ...
read moreDec 9-2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program
December 9, 2020
The Bank of Canada today maintained 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. ...
read more
Top Errors Consumers Make When Applying for a Mortgage in BC
October 7, 2020
As a Mortgage Broker, what are the top errors you see when consumers are applying for a mortgage? There are several that come to mind, but here are a few to help others to not make ...
read moreBank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
September 9, 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
read moreJuly 15 - 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing
July 15, 2020
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
read more
Bank of Canada maintains overnight rate target and unveils new market operations
April 15, 2020
The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the ...
read more
Real Estate: How to Boost Your Credit Score Before Buying Applying for a Mortgage in Vernon, BC
September 4, 2019
For the vast majority of home buyers, obtaining a mortgage will be a vital part of the purchasing process. Of course, in order to be approved for that mortgage, you will need to ensure that your cre ...
read more
How Much House Can You Afford in Vernon, BC? Ask Yourself These Critical Questions to Find Out
July 17, 2019
It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of th ...
read more
3 Simple Ways to Repair Your Credit in Vernon, BC
July 3, 2019
For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i ...
read more