Forget about Underwater Mortgages, What about Your Car?
We’ve talked a lot on this blog before about housing bubbles in Canada. What they are, whether there is one, isn’t one…it’s a subject that’s been just about beat to death. But there’s good reason for hammering away at this particular subject. With housing bubbles come falling home values shortly after, and that means underwater…
Read moreHow Much are You Spending on Christmas this Year?
The American Thanksgiving bells have chimed, and even here north of the border we’ve had just about all of the Black Friday and Cyber Monday madness that we can stand. But we’ll take just a short rest (maybe some of us will even hold out until the weekend!) before we start splurging on the next…
Read moreWhy You’re Not Saving, Even Though You’re Cutting Back
Have you stopped going out for lunch every day while at the office in order to cut back and save some more money? And have you even started making coffee at home in the morning and bringing it with you to work, so that you can save that two bucks a day? If you have,…
Read moreFour Common Questions About Debt Collectors, Answered!
With so much talk of our household debt, and how the debt-to-income ratio is now 163%, there also comes a lot of questions about debt collectors. Even if you don’t have any debt now (which is unlikely, given recent statistics,) the chances are good that at some point or another in your life, you have…
Read moreCanadian Loan Default Numbers Fall to Pre-Recession Levels
A recent report released from Equifax shows that when it comes to the amount of Canadians that default on loan payments, we can rest easy in the knowledge that we’ve gotten the number back down to pre-recession levels. However, with the amount of debt we continue to take on still rising, and our household debt…
Read morePrepaid Credit Cards get New Regulations, Too!
The Canadian government has been becoming increasingly concerned about the amount of debt Canadians are racking up for themselves. Because of this, Finance Minister Jim Flaherty along with the Office of the Superintendent for Financial Institutions have placed a number of restrictions on home loans and second mortgages such as HELOCs. Now that those rules…
Read moreCharitable Donations Back Up to Pre-Recession Levels!
There are a lot of signs that the economy has bounced back from the recession – the hot housing markets in most areas and rising prices of mortgages all around the country are just two. But while the housing market may have overcompensated and gone to the extreme in the recovery, there’s one sector that…
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