16 Aug 2018

0 Comments

by

Fixed or variable rate mortgages?

So, you’ve decided to buy a home, now what? Buying a house is usually the most expensive purchase in a person’s life, so it should be preceded with caution. Once you decide on the house and location, you must decide on a down payment amount and a mortgage rate that you can afford. A general rule of thumb is to put down 20 per cent of the house price so that you can reduce the amount of money you pay in interest; however, first time home buyers can put down as little as 5 per cent for a down payment if they so desire. When…

Read More
8 Aug 2018

Posted by

How to budget for back-to-school

As we reach the end of the second week in August, summer has flown by! We know it…

Read More
13 Jul 2018

Posted by

It’s a Buyer’s Market in...

We all know the economy in Calgary struggled for the last few years and we saw a downturn…

Read More
28 Jun 2018

Posted by

What we mean when we say ‘budget...

Budgeting for the purchase of a home is not just about saving enough for your down payment and…

Read More
17 Jun 2018

Posted by

The argument for variable rate mortgages

When searching for a home, choosing the right mortgage is a big part of the equation. Your mortgage…

Read More
26 Apr 2018

Posted by

Millennials, saving and the 5 Cs of...

According to a new poll released by CIBC, most Canadian millennials haven’t even started to save for a…

Read More
22 Mar 2018

Posted by

Getting cozy with your credit can...

When Credit Education Month and Fraud Prevention Month fall in the same month, it’s a perfect excuse to educate yourself on the…

Read More
28 Feb 2018

Posted by

What is mortgage fraud and why is...

A credit rating agency is ringing the alarm that Canadians should be worried about a rise in mortgage…

Read More
21 Feb 2018

Posted by

Are you taking steps to prevent...

According to a new study released by Capital One, less than half of Canadians are taking appropriate steps…

Read More
17 Jan 2018

Posted by

Bank of Canada raises the rate,...

On Wednesday, the Bank of Canada announced it was hiking its interest rate to 1.25 per cent, up…

Read More
17 Jan 2018

Posted by

Canadians are struggling with debt, but...

A new survey shows an alarming trend regarding Canadians and their debt loads—one-third can’t cover their monthly bills.…

Read More
6 Dec 2017

Posted by

Bank of Canada leaves rates alone

Today, the Bank of Canada announced that rates would remain unchanged at one per cent, as they expect…

Read More
23 Nov 2017

Posted by

How Canadians can solve their debt...

According to a new report released today by the OECD, Canada is leading the world when it comes…

Read More
© 2025 Canada Mortgage Direct. All Rights Reserved.
Powered by TechWyse
TechWyse-logo