Urban Mortgages on an Extreme Budget – Ever wondered what kind of mortgage you can get on minimum wage in a big city? – Ask a Vancouver Mortgage Broker

Ever wondered what kind of mortgage you can get on minimum wage in a big city?  Minimum wage in Canada ranges from $9.75 per hour in Alberta to $11 in Nunavut. In Ontario and BC, it’s $10.25. Using standard insured lending guidelines, someone earning even $11 per hour and working 40 hours a week could […]

Online resources to help you save

Online resources to help you save Here are a few places to start in your search for online information that will help you become a better saver and smart spender. By: Adam Mayers Personal Finance Editor, Published on Sun Mar 03 2013 In the Internet age, information is at your fingertips in a nanosecond. It took Google less […]

Tips on Hiring an Interior Designer – From your Vancouver Mortgage Broker

If you’ve just bought yourself a new home or condo you want to set it up so that you maximize the style and feel of your new abode. Later on, and you can take it from your friendly Vancouver mortgage broker, when you go to sell your residence then you already have a leg up […]

YOUNGER CANADIANS PUT BRAKES ON DEBT IN 2012, OLDER KEEP BORROWING

YOUNGER CANADIANS PUT BRAKES ON DEBT IN 2012, OLDER KEEP BORROWING Click here to download PDF report Highlights •  In 2012, Canadian household debt grew at its slowest pace since 2003 and the upward trend in the  household debt-to-income ratio ebbed. Ipsos Reid survey data suggests that there was diverging  borrowing behaviour across age groups […]

Your bank mortgage: Is it fair and does it suit your needs? – Ask a Vancouver Mortgage Broker

Banks operate under the scrutiny of government watchdogs. But when it comes to mortgages, those watchdogs don’t watch everything they could. “Individual (bank) mortgage reps operate outside of regulatory boundaries which commonly govern licensed professionals,” says Samantha Gale, a former mortgage regulator with B.C.’s Financial Institutions Commissionand chief executive officer of the Mortgage Brokers Association of British […]

Thank Carney and horseshoes for Canada’s stellar performance – Consult with a Vancouver Mortgage Broker

Last Friday’s non-bubbly housing start numbers and weak employment data should not distract Canadians from two key points. First, after a short, sharp economic shock, Canada’s economy began its recovery in late spring 2009 and has hardly paused since. Second, in comparison with the U.S., the EU, and especialy the U.K, Canada’s performance has been […]

How to clean up errors on your credit record: Consult with a Vancouver Mortgage Broker

By: Ellen Roseman Personal Finance Columnist, Published on Tue Feb 12 2013 EXPLORE THIS STORY  Scott Smith, 24, is an MBA student. He’s proud of paying his bills on time and having an excellent credit record. So, he was surprised to find his credit score had plunged when he checked in with the two Canadian credit bureaus. There […]

Bank of Canada signals no rate hikes anytime soon – Consult with a Vancouver Mortgage Broker

OTTAWA — While the Bank of Canada acknowledges the economic outlook here and elsewhere “is slightly weaker” than thought, policymakers are also offering up some hope for the near future. In a nutshell, Canada’s economy is growing at a slower pace than expected — although a pickup is likely later this year —and inflation remains […]

Are stubborn sellers killing the real estate crash? – Ask a Vancouver Mortgage Broker

Like many others, Toronto public relations manager Megan Vickell is sitting on the real estate sidelines dreaming of bargains to come. What direction are home prices headed? Depends on who you ask After a dropoff in sales, the debate over the future of Canada’s housing market has come down to an argument over how much […]

Fix your poor credit rating- Ask a Vancouver Mortgage Broker

Request a free annual credit report to check for errors, suggests Gail Vaz-Oxlade. Did you ever see the CBC Marketplace episode where they asked 100 Canadians to check their credit reports for errors? Forty of those people found problems. Not exactly confidence-building when it comes to what those reports are saying about you, right? So […]

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