Mortgage Blog
Infinite Solutions, Infinite Possibilities
Category: Financing (16 posts)
Understanding Capital Gains in Canada
November 11, 2024 | Posted by: MorCan Financial Inc.
What Are Capital Gains? Capital gains refer to the profit you earn when you sell a capital asset-such as property or investments-for more than its original purchase price. For example, if you bough ...
read more
7 Financial Tips for People Looking to Buy an Investment Property in Canada
July 19, 2024 | Posted by: MorCan Financial Inc.
Investing in real estate can be a powerful way to build wealth, but it's essential to approach it with a well-thought-out strategy. Here are seven financial tips to help you purchase an investment pro ...
read more
Tips for Improving Your Credit Score Before Applying for a Mortgage
November 1, 2023 | Posted by: MorCan Financial Inc.
Tips for Improving Your Credit Score Before Applying for a Mortgage For many people, buying a home is a significant milestone in their lives. However, getting approved for a mortgage is ...
read more
Bank Of Canada Rate Update June 7, 2023
June 7, 2023 | Posted by: MorCan Financial Inc.
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 4.75%, with the Bank Rate at 5% and the ...
read more
A Six-Step, Back to Basics Financial Plan for Most Every Canadian
November 21, 2022 | Posted by: MorCan Financial Inc.
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 ...
read more
What are credit scores and how are they important?
September 1, 2021 | Posted by: MorCan Financial Inc.
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 ...
read more
2021 Mortgage Stress Test - Latest Updates
April 21, 2021 | Posted by: MorCan Financial Inc.
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 ...
read more
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: MorCan Financial Inc.
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 ...
read more
April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
April 12, 2021 | Posted by: MorCan Financial Inc.
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 ...
read more
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 ...
read more
How Good vs Bad Debt Impacts Your Household in Vaughan, Ontario
January 20, 2021 | Posted by: MorCan Financial Inc.
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. ...
read more
3 Tips on How to Better Your Credit Score in Vaughn, Ontario
December 2, 2020 | Posted by: MorCan Financial Inc.
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 more
Strategies to Dig Yourself Out of the Debt Hole
August 21, 2019 | Posted by: MorCan Financial Inc.
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 ...
read more
Why You Need an Emergency Fund And How to Get One
August 14, 2019 | Posted by: MorCan Financial Inc.
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 ...
read more