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The Canadian Real Estate Association announced that home sales in Canada dropped 7.4 percent from April to May. The real estate market is expected to slow down along with the easing of Covid-19 restrictions and resumption of travel, both within Canada and abroad. Those who are looking to buy can benefit from a decrease in competition and bidding wars during this time.⁠
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If you are currently looking to own your first home or invest in your next property, it is the perfect time to connect with one of our Mortgage Consultants.⁠
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🌐 𝟰𝗙𝗿𝗼𝗻𝘁𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲𝘀.𝗰𝗼𝗺⁠
📞 Sam (778) 316-5373

According to 𝘊𝘢𝘯𝘢𝘥𝘪𝘢𝘯 𝘔𝘰𝘳𝘵𝘨𝘢𝘨𝘦 𝘛𝘳𝘦𝘯𝘥𝘴, here are 𝟵 𝘁𝗶𝗽𝘀 to optimize your credit score and your overall credit profile:⁠⁠
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𝗡𝗲𝘃𝗲𝗿 𝗴𝗼 𝗼𝘃𝗲𝗿 𝗹𝗶𝗺𝗶𝘁𝘀. Leave ~30% room.⁠⁠
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𝗔𝗰𝗰𝗲𝗽𝘁 𝗮𝗹𝗹 𝗼𝗳𝗳𝗲𝗿𝘀 𝗼𝗳 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗹𝗶𝗺𝗶𝘁𝘀. Reduce your percentage utilization of credit with an increased limit which often results in a higher credit score.⁠⁠
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𝗦𝗽𝗿𝗲𝗮𝗱 𝗮𝗿𝗼𝘂𝗻𝗱 𝘆𝗼𝘂𝗿 𝗯𝗮𝗹𝗮𝗻𝗰𝗲𝘀. Spread your carried balances around, rather than cluster all on one card.⁠⁠
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𝗘𝘅𝗲𝗿𝗰𝗶𝘀𝗲 𝗮𝗹𝗹 𝗰𝗮𝗿𝗱𝘀 𝗮𝗻𝗱 𝗹𝗶𝗻𝗲𝘀 𝗼𝗳 𝗰𝗿𝗲𝗱𝗶𝘁. It is good to use all available credit regularly, even if it’s just once every few months.⁠⁠
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𝗜𝗳 𝗶𝗻 𝗱𝗼𝘂𝗯𝘁, 𝗱𝗼 𝗡𝗢𝗧 𝗰𝗹𝗼𝘀𝗲 𝗮 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱. Older, unused credit can have a 15% weighting on your personal credit score.⁠⁠
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𝗨𝘀𝗲 𝗶𝘁 𝗼𝗿 𝗹𝗼𝘀𝗲 𝗶𝘁. If you never borrow money, eventually you will have nothing generating a credit score for you.⁠⁠
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𝗣𝗮𝘆 𝘆𝗼𝘂𝗿 𝗮𝗰𝘁𝗶𝘃𝗲 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗮𝗿𝗱𝘀 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝘁𝘄𝗶𝗰𝗲 𝗺𝗼𝗻𝘁𝗵𝗹𝘆 and pay the balance in full several days before the next statement is issued.⁠⁠
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𝗣𝗮𝘆 𝗱𝗶𝘀𝗽𝘂𝘁𝗲𝗱 𝗶𝘁𝗲𝗺𝘀, 𝘁𝗵𝗲𝗻 𝗮𝗿𝗴𝘂𝗲 𝘆𝗼𝘂𝗿 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 to avoid the risk of interest charges and late payments before the card issuers correct fraud or outright billing errors.⁠⁠
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𝗖𝗹𝗲𝗮𝗿 𝗮𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗲𝗿𝗿𝗼𝗿𝘀. There might be some incorrect information in your personal credit history that is dragging down your score. Those are easy and necessary fixes and the impact on the personal credit score can be profound.⁠⁠
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🌐 𝟰𝗙𝗿𝗼𝗻𝘁Mortgages.com⁠⁠
📞 (𝟨𝟢𝟦) 𝟩𝟥𝟪-𝟪𝟣𝟤𝟪⁠⁠
📞(778) 316-5373
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