Mortgages, Home Equity Loans at Near-Lowest Rates
Despite a dip in inflation, industry analysts expect lending rates to increase over the balance of the year. Mortgages, home equity loans and lines of credit currently remain at near-lowest levels.
Read moreCanadian Home Owners Experience the Wealth Effect
As Canada Housing Prices Rise So Do Our Spending Habits. Statistics Canada recently revealed that average the average net worth of Canadian households has risen by almost one and a half percent (1.3% to be exact).
Read moreConsider Refinancing or Debt Consolidation in Light of Bank of Canada Comments
Comments from the Bank of Canada’s recent Financial System Review highlight the rapid growth of household debt – debt which savvy borrowers may consider when refinancing mortgages or consolidating debt.
Read moreLower than Expected Inflation Numbers May Influence Mortgage Rates
Continuing lower than expected inflation is liable to affect Bank of Canada’s overnight lending rate and could lead to higher mortgage rates after July 20th.
Read moreThe Risk of Deflation
How Might Deflation Affect the Housing Market? For so many years, the question has always been “is inflation contained?” Well, it may be that we should be worrying about the opposite problem.
Read moreChina Ends the Yuan Peg to the US Dollar in Time for the G20 Summit in Toronto
Just in Time for the G20 Summit, China Decides to End their Currency’s Tie to the Dollar. The Globe and Mail has a quite interesting info-graphic that illustrates some potential effects of China’s big move yesterday to end the Yuan’s peg to the US dollar.
Read moreCarrying Debt into Retirement is a Bold Move
Carrying Debt into Retirement Should be Your Last Resort. If you’re still steeped in debt, then retiring might not be the best option.
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