Does a Lower Interest Rate Really Mean That You Should Borrow More?

As the economy is beginning to show signs of recovery and the physical distancing rules are being eased, various benefits and deferrals mandated by the government are also ending. With the buffer being removed, it is crucial for you to...

Posted | by |in Bank of Canada Interest Rate, Blog, Canadian Interest Rates, Debt Management, DebtCare, DebtCare Canada

BOC Interest Rate Announcement and Your Lendable Equity: Are They Correlated?

The COVID-19 pandemic has impacted economies across the globe and the Canadian economy is no different. Economic uncertainty has led to business closures, unemployment, and a decline in real estate activity. Looking specifically at the real...

Posted | by |in Bank of Canada Interest Rate, Blog, Canadian Interest Rates, Debt Relief, DebtCare Canada, Home Equity