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Category: Financing (12 posts)

What are credit scores and how are they important?

What are credit scores and how are they important?

September 1, 2021 | Posted by: Maria Pezza

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

2021 Mortgage Stress Test - Latest Updates

April 21, 2021 | Posted by: Maria Pezza

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

April 21, 2021 | Posted by: Maria Pezza

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

April 12, 2021 | Posted by: Maria Pezza

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

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing

March 10, 2021 | Posted by: Maria Pezza

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

How Good vs Bad Debt Impacts Your Household

January 27, 2021 | Posted by: Maria Pezza

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 more]

3 Tips on How to Better Your Credit Score

3 Tips on How to Better Your Credit Score

December 9, 2020 | Posted by: Maria Pezza

Having a good credit score is of paramount essence as it affects your ability to access loans and borrow money. Your credit score rating influences the amount of mortgage you qualify for. You may ... [read more]

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

July 24, 2019 | Posted by: Maria Pezza

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

3 Simple Ways to Repair Your Credit

July 10, 2019 | Posted by: Maria Pezza

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]

Planning to Refinance Your Mortgage? Ask These 4 Questions First

Planning to Refinance Your Mortgage? Ask These 4 Questions First

March 26, 2019 | Posted by: Maria Pezza

Deciding to refinance is a crucial financial move that can help you make significant savings. When you plan properly, do your research, and take time to evaluate where you stand financially, you'll be ... [read more]

Why You Need an Emergency Fund And How to Get One

Why You Need an Emergency Fund And How to Get One

March 12, 2019 | Posted by: Maria Pezza

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ... [read more]

Strategies to Dig Yourself Out of the Debt Hole

Strategies to Dig Yourself Out of the Debt Hole

February 5, 2019 | Posted by: Maria Pezza

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ... [read more]

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