Think Toronto Mortgages are Bad? Try Renting!
The dream has always been to give up that tiny Toronto apartment and trade it in for a Toronto mortgage that you can call your own. Whether that mortgage is on a condo or a single-family is another story altogether; but that dream is still very much alive. Unfortunately, Toronto’s housing market is jam-packed and…
Read moreMore Students Want Money Lessons in the Classroom
With all the talk of high tuition costs and the unemployment problems today’s undergrads could be facing, it’s not surprising that today’s youth are starting to catch on. And they’re doing more than just holding protests against the rich on Bay Street, or fighting tuition fees. All many want it seems, is a little education…
Read moreUniversity Costs Mean Big Debt on Graduation
It’s no secret that a university education is not free. And it might not be surprising that education, just like everything else, gets inflated in price and that it gets costlier and costlier to get an education with each passing year. But a new study shows that the cost of tuition is not only staggering,…
Read moreWhat Does it Mean to be “Bulllish” on the Housing Market?
Over the past two years or so, the headlines in Canadian newspapers have been screaming that many experts and analysts across the country are “bullish” on the housing market. Just recently, one reader wrote in to ask us just what exactly this meant. “Bullish” is actually just one attitude that can be taken towards the…
Read moreCanada Makes the Best Housing Markets in the World!
According to Business Insider, Canada has been ranked as one of the top real estate markets in the world. The Insider’s charts included 14 different line charts, showing what home prices were doing in 14 different countries to collect the results. The timeframe used was the same for each, comparing stats from 2011 to those…
Read moreStudent Loans Higher than Ever, Taking Longer to Pay Off
Here’s some more fuel to add to the fire of the student protesters in Quebec. New statistics from RateSupermarket.ca show that not only are student loans higher than they’ve ever been, but even more concerning, they’re taking longer than ever to pay off. Combine this with the lack of employment and smaller salaries graduates are…
Read moreToronto Home Purchasing Down, Prices Still Up
For the second month in a row, home purchasing in Toronto slows down while prices continue to increase. A quick look at the above chart gives you these stats: Sales on existing homes dropped by 12.5% compared to August 2011 Home prices rose by 6.5% Condo sales were down by 22% Toronto had 6.418 homes…
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