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What is Debt Service Ratio and Why Does it Matter?

Posted by Will Murray on Thu, Feb 16, 2017

what-is-debt-service-ratio-why-does-matter-featured-image.pngWhen buying your coffee in the morning, the only financial factor you have to worry about is whether or not you left spare change in your cup holder. When it comes to larger purchases, the financial aspect can be much more complicated. That’s why it’s important to gain an understanding of certain terms and services.

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Topics: mortgage and financial

Money Talks: The Lowdown on Investing Your Money

Posted by Jennifer G. on Thu, Feb 2, 2017

money-talks-lowdown-investing-your-money-featured-image.pngEveryone enjoys watching their bank account balance increase on payday. But if you’re not investing your money, you’re missing out on opportunities to see this happen without the labour part. Investing your money allows you to build your wealth, with the potential to earn high rates of return. To minimize the potential of loss, you want to invest wisely.

Naturally, your first step should be to research and understand as much as you can about your investment options. Read on to learn about some different ways you can invest your money, and what each can offer.

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Topics: mortgage and financial

Surviving a Near Debt Experience

Posted by Jennifer G. on Thu, Jan 26, 2017

surviving-near-debt-experience-couple-calculating-bills-featured-image.pngIf you’re starting to feel the huge weight of debt on your shoulders, you’re not alone. Canadian household debt ratios hit a record high over the spring of 2016 according to figures from Statistics Canada. The ratio of household credit market debt to disposable income rose from 165.2 percent in the first quarter of the year to 167.6 percent in the second quarter. That means households held $1.68 in credit market debt for every dollar of disposable income.

Even if you’re a math whiz, those figures just don’t add up. The bottom line is that getting out of debt should be a top priority. We're here to say it can be done!

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Topics: mortgage and financial

Do You Feel Guilty About Debt? Don't!

Posted by Jennifer G. on Thu, Nov 24, 2016

feel-guilty-about-debt-couple-featured-image.pngOne of the most difficult things we face in everyday life is debt. Unless one has been very fortunate, we all have at least some form of debt, be it a credit card, a student loan, or even repayment of a personal loan we borrowed from a friend. As frustrating and daunting as it is to carry debt, it is certainly not uncommon, and you are not alone.

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Topics: mortgage and financial, tips & tricks

Mortgages for Beginners

Posted by Courtney C. on Tue, Nov 8, 2016

mortgages-for-beginners-couple-buying-home-featured-image.pngWe all have someone we can call on to spot us a few bucks. If you need half a million to buy a home, however, brace yourself for screened calls and blocked emails. For that kind of money, most of us will need a mortgage, which is basically a big loan from a bank or other financial institution. Given that it’s the largest purchase you’ll ever make, you’d be wise to do your homework before taking the plunge. In the meantime, here are some basic points to get your feet wet.

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Topics: mortgage and financial

How Will the New Mortgage Qualifying Rules Affect Me?

Posted by Brent Bommes on Thu, Oct 6, 2016

new-mortgage-qualifying-rules-house-money.pngWhy is the Government doing this?

For the buyer, this does not affect your monthly payment or the actual mortgage rate that you can secure. It is a change only to the qualifying rate, from the best five-year fixed rate in history. Even though you can now secure a builder’s preferred five-year rate for your mortgage of less than 2.4% you must qualify at a The Bank of Canada’s conventional five-year fixed posted rate of 4.64%.

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Topics: mortgage and financial

Did You Know Pacesetter Can Guarantee the Sale of Your Current Home?

Posted by Jennifer G. on Mon, Sep 19, 2016


We’ve been taught the saying, “Don’t bite off more than you can chew”. The intent is to warn us from taking on too many responsibilities that we aren’t ready to handle. Often, we live cautiously about what we commit to because we know the perils of what can happen if we take on too much too soon.

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Topics: buy a home, mortgage and financial

Additional Costs: Where Do You Want to Spend Your Money?

Posted by Jennifer G. on Wed, Sep 14, 2016

additional-costs-where-to-spend-featured-image.pngTelevision has done wonders in elevating home renovations into a spectacle. The dramatic transformations of outdated, dilapidated interiors into luxurious dwelling spaces within a span of an hour is not only compelling but inspiring! The flashy graphics that post dollar signs and numbers only add to the ideal of what can be accomplished if you take the destiny of your home into your own hands.

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Topics: mortgage and financial

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