Mortgage Blog
Your Fort McMurray Mortgage Expert
Category: Financing (24 posts)
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2024 Housing Market Outlook: Trends and Insights
July 3, 2024 | Posted by: Barb Pinsent
The Canadian housing market is set to undergo significant shifts in 2024, influenced by various factors such as affordability, supply constraints, and economic conditions. Whether you're interested in ...
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Debt Consolidation Through Mortgage Refinancing
April 3, 2024 | Posted by: Barb Pinsent
Are you tired of feeling like you're constantly playing catch-up with your finances? The struggle with debt can often feel like an April Fool's prank that never ends. But fear not, because there's a s ...
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Financial Freedom: How The Rich Get Richer
November 5, 2023 | Posted by: Barb Pinsent
Financial Freedom: How The Rich Get Richer What does financial freedom mean to you? It's a question that might elicit a wide range of responses, and that's the beauty of it – financial fr ...
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Transforming Where We Live and How We Secure Mortgages
October 2, 2023 | Posted by: Barb Pinsent
Remote Work Revolution: Transforming Where We Live and How We Secure Mortgages In recent years, a seismic shift has been reshaping our work culture, giving rise to the remote work revolution. The C ...
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2022 vs 2023 Rates & Home Prices
April 18, 2023 | Posted by: Barb Pinsent
Interest Rate Update I have some good news and…some good news! Yes, you read that right. On April 12th the Bank of Canada decided to hold the Overnight Rate at 4.50%, which means we won’ ...
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Good Debt vs. Bad Debt!
April 5, 2023 | Posted by: Barb Pinsent
Debt is a financial tool that allows individuals and businesses to borrow money to achieve their financial goals. However, not all debt is created equal. Some debt can be considered 'good debt,' while ...
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What To Do If Canada Enters A Recession
January 18, 2023 | Posted by: Barb Pinsent
Recessions can feel scary. Suddenly thousands of Canadians are without jobs, and there’s less money circulating in the Fort McMurray economy. But, before a recession hits, most people can feel ...
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Does It Make Sense to Refinance After The Holidays?
January 6, 2023 | Posted by: Barb Pinsent
Does it Make Sense to Refinance After the Holidays? If the holidays left you with a mountain of credit card debt and less money in your bank account than you’d like, you might consider refina ...
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A Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022 | Posted by: Barb Pinsent
It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...
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Mortgage Rate Holds - How to secure a lower rate today!
February 10, 2022 | Posted by: Barb Pinsent
MORTGAGE RATE HOLDS - How to secure a lower interest rate today! Trying to secure the lowest interest rates is usually one of the biggest goals for you (and me!) when getting a mortgage. Wouldn&rsquo ...
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What are credit scores and how are they important?
September 1, 2021 | Posted by: Barb Pinsent
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 ...
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2021 Mortgage Stress Test - Latest Updates
April 21, 2021 | Posted by: Barb Pinsent
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 ...
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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: Barb Pinsent
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 ...
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April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021 | Posted by: Barb Pinsent
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 ...
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Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing
March 10, 2021 | Posted by: Roar Solutions
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 ...
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How Good vs Bad Debt Impacts Your Household in Fort McMurray, Alberta
January 20, 2021 | Posted by: Barb Pinsent
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 moreBank of Canada will hold current level of policy rate until inflation objective is achieved, continues quantitative easing
January 20, 2021 | Posted by: Roar Solutions
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 moreDec 9-2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program
December 9, 2020 | Posted by: Roar Solutions
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. ...
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3 Tips on How to Better Your Credit Score in Fort McMurray, Alberta
December 2, 2020 | Posted by: Barb Pinsent
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 moreBank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
September 9, 2020 | Posted by: Roar Solutions
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
read moreJuly 15 - 2020 Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing
July 15, 2020 | Posted by: Roar Solutions
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is &frac1 ...
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Bank of Canada maintains overnight rate target and unveils new market operations
April 15, 2020 | Posted by: Roar Solutions
The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the ...
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Strategies to Dig Yourself Out of the Debt Hole
October 7, 2019 | Posted by: Barb Pinsent
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 ...
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Why You Need an Emergency Fund And How to Get One
September 30, 2019 | Posted by: Barb Pinsent
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 ...
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