Mortgage Blog
Infinite Solutions, Infinite Possibilities
Category: Financing (13 posts)
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 ...
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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 ...
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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 ...
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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 ...
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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: 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 ...
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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 ...
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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 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. ...
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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 ...
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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 ...
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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 ...
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