How Much is Toronto’s Debt?
So far in our debt miniseries we’ve looked at the nation’s debt as a whole, and broken that down into Ontario’s debt and what that means for the residents within this province. Today we’ll pinpoint the debt in Ontario even further by looking at the biggest city within it – and within Canada – and…
Read moreHow Much is Ontario’s Debt?
Ontario’s in bad shape when it comes to debt. And while Quebec may often be cited as “Canada’s poorest province,” Ontario isn’t far behind. But just how much does Ontario currently owe? And just how much has Ontario’s debt increased over the past ten years? What are the reasons for that increase? These are just…
Read moreHow Much is Canada’s Debt?
Debt is becoming such a huge concern for Canadians that we’re dedicating this entire week to taking a closer look at debt in our country. Throughout the miniseries we’ll look at national and provincial debt; as well as municipal debt in some of Canada’s biggest cities. Of course we’ll also be looking at household and…
Read moreWhat Factors Affect the Toronto Housing Market? Where does it Stand Today?
There are a number of factors that affect the Toronto housing market. Those factors are always at play, they’re always changing, and they can be overwhelming. So just what are those elements that are constantly evolving? What can we learn from the effects they’ve had in the past; and where does Toronto’s housing market stand…
Read moreWould You Move to Make More Money?
Would you move to make more money? Even if it meant moving across the country? It’s an interesting question. And when you consider how often we’re compared to the States, comparisons in this area show that we’re vastly different from our southerly neighbours once again. The World Bank has found that 3% of American workers…
Read moreBanks Fought New OSFI HELOC Rules
There have been a lot of changes to home financing and home borrowing lately. Of those changes the most to be talked about lately was the one Finance Minister Jim Flaherty imposed in July, lowering the amount homeowners could borrow against their home equity to 80 per cent. And while this new regulation has gotten…
Read moreA Look at Canada’s Housing Bubble
Just this morning we talked about a piece in the National Post; and questioned a stat within it stating that sub-prime mortgages make up half of Canada’s mortgage market. Within that same piece though, there were many interesting stats and observations that are also worth taking a closer look at. Home prices are up almost…
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