Make your Kitchen Look Pricey, for Cheap
It’s no secret that remodeling your kitchen will tack on lots of bucks to the resale value of your home, but you also don’t want to go broke in the process. Real estate experts agree that you shouldn’t go over $70,000 when remodeling your kitchen, and many homeowners can’t even afford to go that high. But that doesn’t mean that you’re destined to live in (and eventually try to sell) an outdated kitchen. You just have to know how to make renovations that will give your kitchen that polished look, but that can also be done for cheap.
Read moreWhy do we Pay More?
While it may have taken us awhile to get there, the Canadian dollar has been soaring past the American dollar for several years. And while that means that Canadians can enjoy things like great exchange rates at their bank, we still pay the same amount, if not more, on everything from our mortgages to our magazines.
Read moreWhen will you be Debt-Free? Most Canadians Think by 55
There’s no doubt that if you hold a mortgage, a personal loan, or credit card debt, you’ve thought at some point of just when exactly, you will get out of that debt. But according to a recent survey done by Harris-Decima for CIBC, your visions for when you’ll be debt-free may not actually paint an accurate picture
Read moreThe Forgotten Four: Reasons to Avoid Credit Cards
Having a credit card certainly brings you a certain peace of mind. Should you need a few extra dollars and not have the cash in your pocket, it can be reassuring to know that there’s a little piece of plastic in there that you can whip out to come and save the day. But just as we know how tempting credit cards are, we also know there are several reasons not to own one, exorbitant interest rates being one of them. But along with high interest rates and unheard of start-up fees, when really looking at credit cards and how they can affect your life, you may find a few other forgotten, or not-so-obvious, reasons to avoid getting in too deep with credit cards.
Read moreCanada’s Consumer Debt Situation Not As Bad As We Thought
Some positive news out of a recent CIBC report shows that Canadians have significantly slowed down their accumulation of consumer debt over the last year. While total debt rose 1.8% over the last quarter, outpacing the 0.7% increase in income, consumer debt (that is, total debt minus mortgage debt) rose at the same rate as…
Read moreCMHC Insurance Savings Opportunity
Individuals who have purchased a house recently with less than 25% down are aware of the insurance fee they had to pay to the CMHC. The less one puts down, the larger the insurance fee is. What few people are aware of is the 10% insurance refund offered by the CMHC to owners of energy…
Read moreCanadians Appear Prepared For Mortgage Rate Hikes
After news that Canadians have accumulated enormous amounts of household debt in recent years, it was refreshing to get some more positive news. A recent Canada Mortgage and Housing Corporation (CMHC) survey found that, by and large, Canadians were fairly studious and responsible when it came to planning out their household budgets. The survey found…
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