by Tribe Financial | Jun 12, 2020 | Blog, Economy, Homeownership, Mortgage
While interest rates shouldn’t be your sole focus when securing a mortgage, they do represent an important part of the financing equation. Since the COVID-19 pandemic began, the Bank of Canada (BoC) has announced several unscheduled benchmark rate reductions....
by Tribe Financial | Jun 5, 2020 | Announcements, CMHC, Economy, Homeownership, Mortgage
The COVID-19 pandemic is having an impact on all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely affecting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the...
by Tribe Financial | May 15, 2020 | Blog, Homeownership, Mortgage
Am I ready now? How will I even know when I’m ready? Buying your first home is exciting and scary all at the same time. Much like other major milestones, such as getting married and starting a family, there’s really no such thing as being completely ready. But when...
by Tribe Financial | Apr 3, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
It’s a harsh reality that COVID-19 has left many people facing significant financial hardship. In an effort to alleviate some of this burden, the government is working at all levels to provide relief measures to assist those who are most vulnerable. Many...
by Tribe Financial | Mar 27, 2020 | Announcements, Blog, Economy, Finance, Mortgage
Over the past few weeks, the world as we know it has been changing at a rapid pace. Phrases like ‘self-isolation’, ‘social distancing’ and ‘flattening the curve’ have become a part of our daily lingo. We’re being asked to stay home, schools and attractions are closed,...
by Tribe Financial | Mar 20, 2020 | Blog, Homeownership, Mortgage
Choosing the mortgage term that’s right for you can be challenging for even the savviest of homebuyers, as terms typically range from six months up to 10 years. By understanding mortgage terms, you can save the most money and choose the term that’s best suited...
