by Majid Habibi | May 16, 2020 | Blog
A debt-to-income ratio (DTI) is a comparison of your monthly debt payments versus your monthly income. Lenders use this formula to determine how well you manage your monthly debt and your likeliness of repaying a loan. Debt obligations refer to such things as credit...
by Majid Habibi | May 1, 2020 | Blog, Homeownership
The world as we know it has drastically changed. Most of us are staying home – not by choice, but through necessity. The financial and emotional strain associated with COVID-19 is very real – coping with the unnerving situation, trying to stay positive and finding...
by Majid Habibi | Apr 17, 2020 | Blog, Economy, Finance
As part of the ongoing effort to assist Canadians facing negative financial effects from COVID-19, the federal government has granted an extension for filing your taxes. The due date for personal tax filing has been extended from April 1st to June 1st, 2020,...
by Majid Habibi | Apr 3, 2020 | Blog, Economy, 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 Majid Habibi | Mar 20, 2020 | Blog, Economy, Homeownership, Mortgage
Concern surrounding coronavirus – COVID-19 – has led to a crash in oil prices and economic uncertainty surrounding capital markets, which has resulted in most Canadian banks significantly reducing both fixed- and variable-rate mortgage rates. Around the world...
by Majid Habibi | Mar 6, 2020 | Blog, Economy, Homeownership, Mortgage
In 2017, the federal government announced a set of strict mortgage qualification rules including the much-talked about, and often-debated, stress test. Implemented for federally regulated lenders, the stress test was created to help alleviate overheating housing...
