Finances Archives - Building Boardwalk

How the Bank of Canada Rate Changes Affect Your Mortgage

April 16, 2020 Building Boardwalk Comments 0 Comment

You may have been hearing about the Bank of Canada’s rate changes in the news lately. As a future or current property owner, it’s always important to understand how the Bank of Canada rate changes affect your mortgage. COVID-19 has been having distressing updates in the news recently and a significant consequence has been the impact on the economy. To try and offset some of this, the Bank of Canada has decreased it’s interest rate. In general, a decrease in…

How Your Credit Score Impacts Buying Property

December 15, 2019 Building Boardwalk Comments 0 Comment

If you’re here, you already know what a credit score is and why it matters. So, you won’t be surprised to hear that your credit score is critical to buying any real estate, whether its a house, condo or a plot of land. In this article, we’ll explain how your credit score impacts buying property and then how you can improve it to maximize your buying power. The Impact Lenders, such as banks, will use your score to determine whether…

What is a Credit Score and Why Does My Credit Score Matter?

November 19, 2019 Building Boardwalk Comments 0 Comment

Your credit score is critical and you build it up (or bring it down!) without even thinking about it. In this article, we’ll keep it simple and break down what is a credit score, why your credit score matters and some other good-to-know points. What is a credit score? Your credit score is a measure of your credit trustworthiness, aka your credit risk, aka how likely you are to repay debt. A higher credit score means you’ve dealt responsibly with…

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The Strategy of Real Estate Investing

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