Canadian Household Debt Levels Still not Near Those of U.S. Peak
Ever since our household debt to income ratio climbed above 150 per cent, people have been worried about this country. Not just by the amount of debt we’ve taken on, but seemingly even more so by the fact that this debt is dangerously close to where those debt levels were in the U.S. in 2007…
Read moreProtecting Yourself from Credit Card Skimming
Yesterday we talked about credit card skimming, and how it is one of the few things that prepaid credit cards leave you vulnerable to. Skimming is when a thief changes an ATM or Interac handheld machine so that they can later read all of the information taken off the black magnetic strip, or the embedded…
Read moreThe One Thing Prepaid Credit Cards Won’t Do
Prepaid credit cards can be a great answer for those who have poor credit, or just want to make sure they don’t get too far over their heads into debt. We’re talking about the cards, available largely through Visa, that you can put money on, and then use them just like a regular credit card….
Read moreTop Points from the National Household Survey
The National Household Survey is a survey compiled every year by Statistics Canada so they can gather social and economic data about Canadians, where we live and how we live. Everything from transportation to our careers is always covered, and here are the top points from this year’s survey which was done just last week:…
Read moreTop 10 Reasons for Bankruptcy
Last week we talked about what the average bankrupt Canadian looks like. After a survey was completed by bankruptcy trustees Hoyes, Michalos & Associates, it was found that that’s a 43-year-old man that owes more than $60,000 in non-mortgage debt. But of course, bankruptcy does not discriminate by age, gender, or any other factor, and…
Read moreDo You Look Like the Typical Bankrupt Canadian?
Of course no one can tell just by looking at you if you’re going to go bankrupt at some point in your life. But bankruptcy trustees Hoyes, Michalos & Associates just searched through hundreds of bankruptcy filings from 2011 and 2012 to try and determine what the typical bankrupt Canadian looks like, and what groups…
Read moreThe Cost of NOT Doing Renos By the Book
Get it done as fast as possible, and for as little money as you can possibly fork over. These are the two biggest goals you have when embarking on renovations, right? For many homeowners unfortunately, they are. The project just needs to get done quickly so you can start realizing all that extra value now…
Read more
Contact Us
Contact us today to set up an appointment.