Weighing Household Debt and Net Worth
Statistics Canada has just released stats showing that one of the major things we’ve all been worried about is going the wrong way. It’s our household debt, and it’s climbing. For those ready to plunge into full-on panic though, take heart. Our household net worth is also on the rise, thanks to that red hot…
Read moreHome Sales Churn on in August
Well lookie-loo all you naysayers! Not only were home sales up in July, after many predicted that the market was to crash and burn right around the same time, but a new report from the Canadian Real Estate Association also shows that they were up in August too! On a month-over-month basis, home sales in…
Read moreBoomer Trend not Likely to Materialize
So any day now we can expect all those Baby Boomers to evacuate their huge single-family homes and start filling up all those condos, right? That’s been the predicted trend for a few years now, and one that the government and developers have hoped will materialize so that all those empty condo units can finally…
Read moreTighter Rules Mean More Good Mortgage News
Who could forget the uproar hear round the country last year when Finance Minister Jim Flaherty announced tighter mortgage rules? And we practically had to cover our ears just last month, when CMHC announced they too would be introducing tighter lending rules to lower the amount of mortgage insurance that was being given out. But…
Read moreMoney Talks: Volume 42
We apologize for being a day late with our Money Talks edition this week. But, we’ve been so busy reading, reading, reading all the headlines this week because they’ve been stuffed with our favourite topic – mortgages! We’ve found some great stuff, so we won’t keep you waiting any longer. Here they all are, in this…
Read moreThought Bathrooms and Kitchens got all the Home Renovations? Think Again!
When homeowners think of the different home renovations they can make to increase the value of their home, it’s often the kitchen and the bathrooms that they think of first. Or are they? While it’s known that remodeling these two rooms in any home will up the resale value of a home, and help with…
Read moreNational Household Survey Yields Unsurprising Results
We’ve all been waiting anxiously for the results of this year’s National Household Survey to be released, and now here they are. For those that have been waiting for earth-shattering news though, the actual results may not be all that shocking. When it comes to overall home ownership rates, in 2011 the survey showed that…
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