Money Talks: Volume 41
You want to save some money, right? Well that’s good news, because this week’s edition of Money Talks is full of money-saving tips! To go along with that, some good news on the unemployment front so you’ll have even more to save and for good measure, there’s one of those odd real estate stories, and…
Read moreWhy Does Scotiabank want BoC to Raise Rates?
Here’s a riddle for you. Housing markets are up all across the country, and economists and the government have both agreed that there’s likely no hard landing to be felt in this country. So why then does Bank of Nova Scotia’s chief executive officer, Rick Waugh, still feel as though raising the key policy interest…
Read moreBoC Leaves Interest Rate at 1%
Stephen Poloz has been the Bank of Canada Governor since June 1 of this year, when his predecessor Mark Carney took off across the pond to go head the Bank of England. In that time he’s seemed very comfortable as the new BoC governor, and he’s made it quite clear that he’s also comfortable with…
Read moreMortgage Debt Climbing Faster than Credit Cards; but is that a Bad Thing?
A recent report from Equifax showed that our household debt is increasing even though our delinquencies are on the decline. And when it comes to that debt, the report also stated that as Canadians, our mortgage debt is climbing at much faster speeds than that of our credit card debt. Now the question is, is…
Read moreCMHC Insurance Slows, Showing there is no Major Collapse on the Way
During the heyday of the Canadian real estate market, it seemed as though there were plenty of things to criticize, and they all led to the same end result – a major collapse. One of those criticisms was the fact that CMHC, the Crown agency that insures mortgages from default for the bank, was taking…
Read moreWhen it Comes to Your Mortgage, are You in Over Your Head?
We all have choices that we have to make sometimes in life. Should we go on that trip, or save our money and pay down our debt? Should we go back to school, or keep working for that promotion at our job? Can we afford to keep our house, or should we sell it? And…
Read moreA Positive Spin on Rising Mortgage Rates
Mortgage rates have been rising over the past few weeks, and that has left most consumers, both homeowners and home buyers, crying that they won’t be able to afford their mortgages. Of course these rising rates do have an impact on those looking to get a mortgage, and they can marginally increase monthly payments for…
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