How Does Your Credit Score Hold Up?

How Does Your Credit Score Hold Up?

In an article released by the Canadian Mortgage and Housing Corporation (CMHC), it appears that those people who have a mortgage tend to be a little more credit worthy compared to those who don’t. It also points out that credit scores are quite steady across...
Payment Frequency, Does it Really Make a Difference?

Payment Frequency, Does it Really Make a Difference?

It has been said that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrowed, plus interest. However, how you make your mortgage payments, the payment frequency, is...
Reasons You Might Need an Emergency Fund

Reasons You Might Need an Emergency Fund

You’ve heard the horror stories: basement floods gone wrong, cars that randomly stop running, or a pal suddenly losing their job. Perhaps you’re the type of person who thinks “that will never happen to me!” when hearing one of these stories, but the cold reality is...
You Just Got a Mortgage. Now What?

You Just Got a Mortgage. Now What?

Mortgages are a funny thing. On the one hand they allow you to become a home owner without saving up enough money to purchase the home outright, which is a really good thing. On the other hand, even at today’s really low interest rates, as they are amortized...
Mom and Dad to the Rescue

Mom and Dad to the Rescue

With housing affordability declining across Canada, one trend is on the rise: parents are increasingly helping their adult children when it comes to housing. That assistance is coming in the form of cash gifts/loans for today’s growing down payments, and also from...