Cars and Credit: Better Way to Address Debt?
Finance Minister Jim Flaherty made some serious changes to mortgage rules that went into effect on July 9. The biggest change was the one made to mortgage insurance, limiting amortizations on these mortgages to just 25 years instead of 30. The government also reduced home refinancing to 80 per cent of a home’s value instead…
Read moreCanada’s Cooling Down
The weather is finally starting to turn for all those that needed a break from this summer’s blustering heat. But it was months before the temperature dropped that the housing market was already beginning to cool in Canada. The new mortgage rules went into effect on July 9 and ever since then, a fairly severe…
Read moreWill a Condo or a House be a Better Home for You?
The decision to buy a home or a condo is one that many wrestle with when they get out into the housing market. A condo in most parts is much cheaper than a single-family home; but condos have association fees that don’t come with being a homeowner. So, which is the best buy? To figure…
Read moreHow Will the NHL Lockout Affect Canada’s Economy?
Hockey. It’s our national winter sport. It brings Canadians together each and every year; and it instills a sense of pride in even the non-enthusiasts. If you’re Canadian, there’s no escaping it. In some form or other, hockey is just a part of who you are. So then, with the NHL lockout currently into its…
Read moreHow to Correct Errors on Your Credit Report
With today’s consumer debt ratio at an all-time high, more and more people are starting to look at their debt problem and trying to come up with a way to correct it. For many, this will mean first obtaining a copy of their credit report to see where they stand and what debt needs to…
Read moreToronto Economy Strong Going into Next Year
An increase in housing starts, an increase in existing home sales, and and an employment rate that’s going up, all point to a strong economy for Toronto as we start getting ready to head into next year. Stats from CanaData show that Toronto’s unemployment rate grew an average of 8.3% in July, a whole percentage…
Read moreSabotaging the Sale
When most people sell their home, they’re usually in a rush to do so. Either they’re relocating to somewhere quite far away; they simply can’t afford to make mortgage payments any longer; or they’ve already purchased a home and don’t want to pay two mortgages. There’s always a reason that sellers want to unload their…
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