Canadians Doing Nothing About Debt
“There’s been a lot of talk this year about us Canadians and our debt. And a lot of that talk has revolved around how we know just how much debt we have and that we’re not worried about it. But, do we really know how much debt we’re currently holding? And if so, why aren’t…
Read moreNew Rental Guidelines Leave Tenants Pleased, Landlords Angry
“Vancouver was the first to see it; and now, a long line of rental shortages is happening all across the country. One reason for this is because of the good conditions in the housing market. As home prices continue to rise, more and more people are finding renting a more viable and affordable option. The…
Read moreGetting a second mortgage in Canada – Things to be taken into account
The purpose of taking out a second mortgage loan in Canada.
Read moreIMF To Canada: Consumer Debt Is A Problem
IMF to Canada: Consumer Debts Are a Problem. Canadians need to watch out, as their consumer debts and other liabilities are really taking a big bite out of their income. With so much “interest drag”, how can one be expected to get ahead?
Read moreInterest Rates About To Spike? Think Again.
Bank of Canada to remain in neutral for at least the next few months, maybe more. Variable rates still the winner. Consider using a mortgage broker to access equity in your home to consolidate unsecured debts via a second mortgage.
Read moreInflation Rise Not Likely to Cause Interest Rate Hike
Despite inflation rise recorded in October, it is unlikely that Bank of Canada will hike interest rates.
Read moreCanadian Employees Incentivized to Retire Late
While Canada does not have a mandatory employee retirement age, Canadians stand to lose out or gain pension benefits depending on the age at which they choose to retire.
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