The Year 2020 will be remembered for many concerning things. For many, not a year to remember and most folks I have talked to lately are happy and looking forward to the turn of the calendar and positive news in 2021. When it comes to the Metro Vancouver housing market and mortgage rates, many were actually caught off-guard with an increase in home prices and mortgage rates that are at historic lows and look to stay that way for the near future.

Your credit score is vital when getting approved for a mortgage. It’s no secret that the better your credit score is, the chance for receiving better rate offers increases accordingly. Here are some money management tips to improve your credit score and to improve your chance for a mortgage approval when you are ready to invest in your next home or investment property.