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Bank of Canada has lowered the Mortgage Qualifying Rate

Bank of Canada has lowered the Mortgage Qualifying Rate

The Bank of Canada has to lowered the qualifying rate for the first time in 3 years from 5.34 per cent to 5.19 per cent. Until now the Bank of Canada’s qualifying rate has been on a rise from 4.64 percent in September, 2016. According to calculations by mortgage rate comparison site RateHub.ca, someone with an […]

First-Time Home Buyer Incentive Program

First-Time Home Buyer Incentive Program

The federal governments plan to boost home ownership among middle-class families will start on September 2, 2019. The First Time Buyer Incentive will allow eligible first-time homebuyers who have the minimum down payment for an insured mortgage with Canada Mortgage and Housing Corporation (CMHC), Genworth or Canada Guaranty, to apply to finance a portion of […]

Saskatchewan Going Green, and not just for the Riders

Saskatchewan Going Green, and not just for the Riders

The Government of Canada has pledged to phase out coal-fired electricity by 2030, putting the future of communities with economies that rely on coal in question. Saskatchewan’s provider of power plans to hit 50% renewable by 2030 and reduce greenhouse gas by 40% from 2005 levels. A release issued by SaskPower states that approximately 25% of the […]