More 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…
Read moreHome Owners Comfortable with their Mortgage
Is it ironic that we published a post this morning about how housing is becoming less affordable in Canada – and now, just a few hours later, we talk about a report showing that most Canadians are comfortable with their current mortgages? But while many may think that our conflicting views with actual affordability is…
Read moreHousing Affordability Down in Most Major Cities
How affordable is it to own a home in Canada? With all the talk about rising home prices and the fact that interest rates are going to rise soon, it seems housing affordability is slipping beyond our reach. And according to Royal Bank’s housing affordability index, a report released Tuesday, it is – at least…
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