Bank of Canada Raises Interest Rate

The Bank of Canada released a statement this morning announcing the first interest rate increase in three years which makes it the first of the G-7 countries to raise it’s rates since the financial crisis. The central bank increased the overnight rate to 0.5% from the emergency low of 0.25%. The market felt the effects […]

Credit Score Secrets – Ever wonder how that magical number – The Credit Score – is computed?

Credit Score Secrets by Gail Vaz-Oxlade, for Yahoo! Canada Finance Thursday, May 27, 2010 Ever wonder how that magical number – The Credit Score – is computed? Whether you’re obsessing over your FICO score or your Beacon score, you’re likely shopping for credit. The FICO score was developed by Fair Isaac & Co., which began […]

US Style Home Price Correction Unlikely Here in Canada

The Canadian Real Estate Association (CREA) released a new report last week indicating that home prices will stabilize, and remain stable for some time. This means that Canadian homeowners are unlikely to experience a US-style decline in the value of their homes. While the relationship between average price and income has recently been cited as […]