Consumer Debt Reaches All-Time High
This is news that is sure to make Finance Minister Jim Flaherty cringe – our consumer debt levels are the highest they’ve ever been. The credit reporting firm TransUnion reported this week that the average Canadian consumer debt load has reached new heights of $27,485 during the last quarter of 2012. That’s an increase of…
Read moreHow is Housing to Blame for the Downturn in Employment?
When the mortgage rules went into effect last summer, it was known that it was going to have a negative effect on Canada’s overall growth. After all, housing was the mainstay that supported us through those awful recessionary years, and once the noose was tightened, it was no secret that it was going to spell…
Read moreShould Senators be Forced to Buy Two Homes?
We all know the trials and tribulations that can come with financing a second property. If it wasn’t, we’d all own a home on the West and East coast, and maybe even another one in between. So with the high cost and the headache, is it fair that we force some Canadian politicians to own…
Read moreWhat Exactly did Mark Carney do for Canada?
Mark Carney hasn’t left us for the Bank of England just yet, but in just a few short months that’s exactly what he’ll do. When the news of Carney’s leaving was announced back in November, the headlines were full of fond farewells and well wishes. But apparently now that the holiday season is over, the…
Read moreMoney Talks: Volume 11
Most of the talk this week around the web and blogosphere centered around RRSPs, reasonably so with that deadline coming closer and closer every day. And while we may have had to dig a little deeper this week to find all the best financial news around, we still found talks on buying new cars, how to…
Read moreCanadian Building Permits Starting to Slow
While everyone’s been so busy watching the number of homes sold across Canada, and the price points that go along with them, looking for signs of a cooling market, there’s another indicator that many have been missing – building permits. It’s no secret that while the Canadian housing market is indeed cooling, condos (especially in…
Read moreMaking Home Renovations? Make Sure You Check with Your Insurance Company!
If you’re about to perform home renovations to your property, there are lots of things you have to think about. Home renovation financing, what you can structurally do to your home and what you can’t, and not to mention, finding a good contractor to do the work for you. But one thing that should never…
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