Four Options to Pay Off Credit Card Debt
Paying off your credit card debt is something that no one wants to do, and no one even really wants to think of. But if you ever want to get a mortgage, it’s something you’re going to have to do. You might as well go into that phone call with the credit card collector knowing what your options are for paying it off.
Read moreMore Boomers Working after Retirement
This shift in the way Canadians live their lives is certainly making an impact on the country’s economy in several different ways. But there’s one major way that’s becoming more apparent by the day – more Baby Boomers are starting to work past retirement age.
Read moreCanadian Home Prices at an All-Time High
Don’t worry about what the rest of the world is doing – if you’re Canadian and you’re selling your house right now, you’re likely to get top dollar for it, according to a recent report from the Teranet-National Bank Composite House Price Index. As of July 2011, resale home prices rose on the Index to 146.51, the highest it’s ever been. But what does that mean exactly?
Read moreThe Canadian Debate: Pay off Mortgage, or Pay Into RRSPs?
It’s a question that’s been asked ever since both mortgages and RRSPs have existed: should you pay off your mortgage first, or invest in RRSPs? The question is definitely a good one, and one that’s difficult to answer without knowing your specific situation. However, it really does all boil down to one thing – taxes. And if you’re one of those people who likes to have it all, there’s really only one answer to this burning question – do both!
Read moreWhy have Variable Rates Gone Up? Blame it on Bad Predictions
We’ve all seen it climb steadily for the past couple of weeks as first one bank, then another, then yet another started raising their variable interest rates on mortgages. Interestingly, the fixed rate has been getting a huge discount at the same time. But the fixed rate going down is just one reason why the variable has gone up. Another reason, a bigger reason, is due to the banks’ bad predictions about the prime rate in the first place.
Read moreToronto Real Estate Looking Towards Fall
And we don’t just mean the season we’re currently in, with the crisp air and the falling leaves. According to the Globe and Mail, the Toronto real estate market – which has been booming for some time and far succeeded other markets in the country – is about to take a dip this fall; and it’s news that both buyers and sellers need to pay attention to. The news comes from a group of Toronto Realtors, and it’s going to change the way buyers and sellers act while on the market, and how they interact with each other.
Read moreWe Ain’t Afraid of no Debt!
A new study conducted for the Royal Bank of Canada shows that Canadians are no longer afraid of the word ‘debt.’ Is this because, on average per person, we’re starting to lower our debt? Unfortunately, it’s nothing quite that optimistic. And it’s not because as a country we’re starting to become more determined about paying off our debt, either. The fact that we’re no longer afraid of the word simply means that we’re getting used to it. And when you think about it, that might not be such a good thing
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