Hello, everyone!

I’m in my mid-30s, currently earn $70K/year and have no debt. My savings and investments total $249K, of which $84K is invested in $CASH.TO and a high-interest savings account earning approximately 5.25%. The rest is invested through maxed-out TFSA and RRSP accounts. I recently started an FHSA and aim to maximize contributions this year.

With a credit score of 805, I possess four credit cards with a combined credit limit of $36K. I maintain preauthorized payments and have a history of timely payments. Additionally, I was approved for a $20K Line of Credit at 10.45%, which I don’t plan on actively utilizing. However, I believe it could diversify my limited credit history.

Given the high property prices in BC, even a small apartment is currently beyond my reach. I’m wondering if there are any steps, besides working on getting a better job or increasing my salary, that I could take to diversify my credit further and potentially enhance my chances of securing a mortgage in the future.

Your insights on alternative strategies, financial adjustments, or any other creative suggestions would be greatly appreciated.

Thank you!