October 2022

Once again the Bank of Canada has raised their interest rate.  This time, it was a 50 basis point increase taking the over night rate to 3.75%.  As a result, Canada's Lenders will be increasing their Prime Rate.  Bringing inflation down is the primary goal of the Bank of Canada and increasing interest rates is their plan of action to tackle this.

It's important to have well established credit with a strong score when applying for a mortgage.
Have you heard of the 2-2-2 Rule? 
2 credit cards - clean history of payment for 2 years - with a limit no less than $2,000.00
If you are looking for ways to improve your credit or you just simply didn't know how to maintain having good credit, keep the fo...