Mortgage Insurance Myths
Whether you’re trying to obtain a Calgary mortgage or a Toronto mortgage, if you don’t have at least a 20 per cent down payment, you’re going to have to find a way to pay for mortgage insurance. This insurance, especially the major provider in Canada – CMHC – has been under a lot of fire…
Read moreWhy we’re not like the States
It can be very hard to take a look at the housing market in Canada and not at least be tempted to compare it with that of the States’ just before they crashed and fell into a huge recession. Changes have been made to mortgages in Ottawa to try and prevent the same thing from…
Read moreMore Adult Kids Living with Parents than ever Before
The Baby Boomers take a lot of flack from other Canadians. There’s far too many of them, and that’s going to cut into the pension plans of other Canadians. And after Ottawa made changes to Old Age Security in their March budget, many told them to stop their whining – they were the ones that…
Read moreWhat Returns should you see on Renos?
Every homeowner knows that taking out a home equity loan or other second mortgage can be a great way to fund home renovation projects and add value onto a home. (We just did a post this week on how Manitoba’s come to this realization more than any other province in Canada.) But while we might…
Read moreAtlantic Canada Carrying most of the Debt
While we may all like to point the finger at those Vancouver and Toronto mortgages when it comes to the debt in our country, it turns out that the most debt in Canada lies in the Atlantic provinces. This comes from a poll done by CIBC. While that poll showed that many Canadians are starting…
Read moreLow Interest Rates Negatively Affecting Retirees
While most of us have been enjoying the historically low interest rates on our Toronto mortgages or home equity loans, there’s one group that’s not nearly as thrilled about them: retirees who are looking to invest in their future. The problem is that while investments such as bonds and GICs used to be the investment…
Read moreCanadians Maintaining Debt, but Car Loans are on the Rise
Debt has become a four-letter word to many Canadians. They don’t want to hear it, they don’t want to talk about it and, many are even getting tired of hearing Mark Carney and Jim Flaherty warn us about HELOCs and mortgages in Ottawa. But, even though we want as little to do with debt as…
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