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My Mortgage Blog — Latest Posts
I pay $2,000 in Rent. Why can't I qualify for a $2,000 mortgage?
I hear this question all the time:“I’ve paid $2,000 in rent every month for three years without missing a payment.So why did I just get told I don’t qualify for a $2,000 mortgage payment?”It’s a fair...
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Canadian inflation reaches 3% as gasoline and travel costs rise
Canada's annual inflation rate rose to 3.0% in July from 2.8% in June, reaching the upper end of the Bank of Canada’s target range. The increase was slightly larger than economists expected and...
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It's Time to Start Rethinking Everything We've Been Taught About Debt
Most of us grew up hearing the exact same rules: Avoid debt. Pay off your mortgage as quickly as possible. Don't buy anything unless you have the cash.Growing up, debt was always framed as a burden, a...
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Home sales rise in May as buyers return to a stabilizing market
Canada’s housing market showed signs of renewed momentum in May, with national home sales rising 5.5% from April, according to the Canadian Real Estate Association (CREA). The gain marked the first...
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