How 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…
Read moreDo Sub-Prime Mortgages Really Make Up Half of the Market?
Just over a week ago the National Post ran a very interesting, and very thorough, article taking a look at the housing bubble in Canada. Within the article were some startling, and alarming, facts. One of them was that Canada’s sub-prime mortgage market now currently makes up 50% of the Canadian mortgage market. But is…
Read moreNew Rules not Hurting Luxury Calgary Mortgages
The mortgage rules that went into effect on July 9th have gotten a lot of talk. Much of the chatter has surrounded the new rules on mortgage insurance; closely followed by new regulation applied to home equity loans, HELOCs, and home refinancing. But there was another rule announced at the same time that hasn’t gotten…
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