Average Net Worth of Canadians is Over $400,000!
Do you have about $400,000 in assets just lying around? Because according to Environics Analytics, that’s the average net worth of Canadians. Or rather, $400,151, to be exact. It’s the first time in history that our net worth has reached past the $400,000 mark, and it did it by the end of 2012, when there…
Read moreU.S. Home Prices Losing Appeal for Canadians
For months we have been talking about how now is the time to buy property in the U.S. As they transitioned from the road to disaster to the one of recovery, home prices in the U.S. were at nearly unbelievable lows, and the fact that our dollar sat higher than theirs for awhile made purchasing…
Read moreCanadian Household Debt Levels Still not Near Those of U.S. Peak
Ever since our household debt to income ratio climbed above 150 per cent, people have been worried about this country. Not just by the amount of debt we’ve taken on, but seemingly even more so by the fact that this debt is dangerously close to where those debt levels were in the U.S. in 2007…
Read moreHiring the Right Contractor, and not Just a Con
It’s summertime and that means millions of homeowners are perusing their outdoor living space to find home renovations that need to be done before the cold weather settles back in. The biggest part of doing any work is hiring a contractor. Simply put, there are some really good ones and some really bad ones. And…
Read moreProtecting Yourself from Credit Card Skimming
Yesterday we talked about credit card skimming, and how it is one of the few things that prepaid credit cards leave you vulnerable to. Skimming is when a thief changes an ATM or Interac handheld machine so that they can later read all of the information taken off the black magnetic strip, or the embedded…
Read moreThe One Thing Prepaid Credit Cards Won’t Do
Prepaid credit cards can be a great answer for those who have poor credit, or just want to make sure they don’t get too far over their heads into debt. We’re talking about the cards, available largely through Visa, that you can put money on, and then use them just like a regular credit card….
Read moreMoney Talks: Volume 34
Personal Finance It’s one of the worst things you could do in a marriage, but RateSupermarket shows this week how many couples are still being secretive about spending. Has technology impacted your banking or investing practices? Boomer & Echo shows how our techno ways have branched into your branches. Is student debt stopping you from…
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