Money Talks: Volume 39
With all the different mortgage requirements, household debt stats, and the new CMHC lenders’ limits, is it any surprise that the headlines this week are full of personal finance and mortgage talk? We’ve found the most interesting, and listed them below. Personal Finance How do you retire wealthy? By following at least a few of…
Read moreBankruptcy and Credit Counselling to Help you Deal with Debt
Yesterday we took a look at three resources that can help you deal with your debt. And while mortgage brokers and real estate agents, bankers, and debt settlement companies are all great resources, sometimes they’re just not enough. Sometimes your debt situation has gotten so bad that you need an extreme debt solution. In cases…
Read moreWho can Help You with Debt?
You may know that when you’re deep in debt, there are people and organizations that can help you. You may have seen their commercials on TV, or scanned them online or in the paper. Bankers, debt settlement companies, and even mortgage brokers can help you settle your debt, but how do you know which one…
Read moreHigh Housing Starts Indication of More Competition for Landlords
There’s an interesting trend happening around the country. Mortgage rules have tightened significantly within the past five years; and recently CMHC announced new rules to lenders that will also have their own impact. But instead of a major softening or correction, housing starts trended at 187,416 units last month; and those were only down a…
Read moreNew CMHC Rules Mean Cancelled Pre-Approvals for Brokers and Clients
The announcement was made at the beginning of this month that CMHC is changing their rules, and placing a cap on the amount of guarantees they’d be handing out to any individual lender. The first fallout we were to feel from that was higher mortgage rates at all lenders across the board, something worrisome indeed…
Read more5 Ways to Start Saving Money Today
Life would be so much better if we could just save a little bit of money, wouldn’t it? But how are you supposed to save more when you already feel like you’re strapped to the max, and are already working so hard to save those few pennies every week? Aside from the most commonsense tips…
Read moreAn Example of Fine Economic Balance
We all know that keeping our economy in good shape is a delicate balancing act. The need for consumers to keep spending and putting money into the economy, while not racking up huge household debt is one of them – and one that we’ve talked about many times. But what about when things like home…
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