Go Out for Dinner, Without Breaking the Bank
Just this morning we wrote about how debt levels are growing in Canada, and how Canadians are becoming less and less concerned about it. But people usually become indifferent about their debt because they don’t see it as a high priority. Or at least not as big of one as keeping their creature comforts. One…
Read moreSurprise, Canadians have a Debt Problem!
We know, it’s shocking. After years of being warned by Bank of Canada governor Mark Carney that our debt levels are frighteningly high, we’ve done nothing. Or at least very little, about the situation to correct it. Yet another study has been done regarding our debt levels here in Canada. And while our debt levels…
Read moreCould the Condo Boom Really Continue Through Next Year?
It’s hard to believe, given the stats that we just put up regarding the severe drop in home sales in the GTA. But the argument that condo sales are going to continue to explode through 2013 is just the one that Genworth Canada is making. The fairly bold statement comes after Genworth conducted a study…
Read moreCool Headwinds Hit Toronto
It really seemed as though Toronto was untouchable, didn’t it? And that no matter what kind of new rules they imposed on Toronto mortgages, nothing was going to get in the way of this market or slow it down. But now, with lower home sales and listings in July, August has also seen a slowdown…
Read moreIs CMHC to Blame for the Housing Market Problem in Canada?
We’re not saying there’s currently a major problem with the housing market in Canada. We are saying that over the past couple of years, it’s become extremely overheated with just about every Canadian taking the leap (or at least desperately wanting to,) into the home ownership pool. And while there are probably a few factors…
Read moreMore CMHC Mortgage Consumer Survey Results
As promised, we’re back today with more results from the 2012 Mortgage Consumer Survey that was conducted by Canada Housing and Mortgage Corporation. The next section of the survey we’ll look at deals with how actively involved consumers are when purchasing a mortgage; and what kind of service they expect to receive even after the…
Read moreThe Phenomenon of Home Ownership in Canada
How many times have you heard, “Owning a home is the greatest asset you’ll ever have”? Or, “Until you own a home, you should be saving every cent you have for a down payment”? Or something along those lines? And while owning a home is definitely the biggest asset most people will ever have, and…
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