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Category: Financing (13 posts)

  • November 21, 2022 @ 1:24 PM
  • Posted by John C Filice

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

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

  • August 3, 2022 @ 6:46 PM
  • Posted by John C Filice

Budgeting for Inflation

Budgeting for Inflation If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of cons

  • April 8, 2022 @ 5:41 PM
  • Posted by John C Filice

Spring Clean Your Finances

Spring Clean Your Finances Spring finally arrived after a long winter, and with inflation and the rising cost of living on everyone's mind, there's never been a better time to do a little spring clea

  • September 8, 2021 @ 5:02 PM
  • Posted by John C Filice

Six Tips For Financial Fitness This Fall

It's September and there is some optimism that we may be moving towards the end of life in a global pandemic. The Fall has had always been a great time to go back to school on financial fitness, and

  • September 1, 2021 @ 4:03 PM
  • Posted by John C Filice

What are credit scores and how are they important?

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

  • April 21, 2021 @ 7:50 PM
  • Posted by John C Filice

2021 Mortgage Stress Test - Latest Updates

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

  • April 21, 2021 @ 2:25 PM
  • Posted by John C Filice

April 21-2021 - Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program

Available as: PDF The Bank of Canada today held its target for the overnight rate at the effective lower bound of percent, with the Bank Rate at percent and the deposit rate at percent. The Ban

  • April 12, 2021 @ 7:25 PM
  • Posted by John C Filice

April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy

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

  • March 8, 2021 @ 3:30 PM
  • Posted by John C Filice

Multi-Family Lending: What You Need To Know About Hard Money Loans

Multi-Family Lending: What You Need To Know About Hard Money Loans Multi-family real estate is one of the most popular investments for both newbie and seasoned investors. Buyers in the past used trad

  • January 25, 2021 @ 6:07 PM
  • Posted by John C Filice

How Good vs Bad Debt Impacts Your Household

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

  • December 9, 2020 @ 3:16 PM
  • Posted by John C Filice

3 Tips on How to Better Your Credit Score

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

  • July 24, 2019 @ 11:29 AM
  • Posted by John C Filice

How Much House Can You Afford? Ask Yourself These Critical Questions to Find Out

It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of th

  • July 10, 2019 @ 11:44 AM
  • Posted by John C Filice

3 Simple Ways to Repair Your Credit

For many Canadians looking to purchase a home, bad credit scores stand in the way of getting a mortgage. Most lenders prefer your score to be 650 or higher. If they do allow for lower credit scores, i