by Andrew Macrae | Dec 1, 2020 | Blog, Finance
If you’re new to managing personal finance and you’re learning about credit, you’ve come to the right place. Establishing new credit is a bit of a catch 22. To build a credit history, you need credit. But you can’t really get credit without having credit. So, where do...
by Andrew Macrae | Nov 17, 2020 | Blog, Covid-19, Economy
There is no doubt that 2020 was one for the books. It will be remembered as a year like no other. COVID-19 has caused significant national economic disruption, to say the least. While we’ve seen government intervention, record unemployment, mortgage payment deferrals,...
by Andrew Macrae | Nov 4, 2020 | Blog, Covid-19
While unemployment peaked over 13% at the onset, it’s hard to quantify just how many Canadians had some form of a reduction in their income over the last year. Especially if you’re self-employed or your income varies year to year because you receive a...
by Andrew Macrae | Oct 28, 2020 | Announcements, Blog, Mortgage
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. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented...
by Andrew Macrae | Oct 20, 2020 | Blog, First Time Home Buyers, Mortgage
If you’re relatively new to the world of mortgage financing, the term “second mortgage” might cause a bit of confusion; especially if you’re a first-time homebuyer buying your first home. You might assume that when your first term is up or if...
