Financial Tune Up, In the News
Rates: What goes up must come down. Or “how I learned to stopped worrying and love the uncertainty” In the past, the simplest way to predict what the Bank of Canada (BoC) would do with it’s key lending rate – y’know, the one that effects the cost of our credit cards, lines of credit and variable rate mortgages – was to check in with the overall strength of the Canadian economy. When things were good; high employment, strong exports, etc., the BoC would feel comfortable making money more expensive. Rate hikes are an effective means of controlling our economy’s rate of inflation. Being that our economy is so heavily dependent on the strength of the U.S. the BoC has typically followed moves... Read more »
Financial Tune Up, In the News
For starters – check out what Rob Carrick has to say from the Globe & Mail about this. Just because the banks are extending you credit it does not mean you qualify for it. It would be hard to miss the CBC exposure of the Bank employees complaints of...
First Time Home Buyer, Home Away From Home, In the News
Getting Sidelined on Your Offers??? Be Prepared Then Get Creative On a regular day in our Personal Mortgage Group Office I will walk in and Steve, Boyce and Chris will be standing in the hall way chatting about the mortgages they are working on. I jump right in as...
