Why the Rising Mortgage Rates don’t Spell Disaster
It was the beginning of last month when bond prices plunged and RBC increased mortgage rates in response. Not too long after Scotiabank and TD followed suit. But while homeowners and home buyers are groaning about these higher mortgage rates, they’re not all bad. And in fact if you look at them from a certain…
Read moreHome Renovation Tips to Keep Your Home Green
It’s the season of home renos again, and one of the most popular trends for homeowners is still to make their home greener and more friendly to the environment. If you’re one of these homeowners and are wondering where to get started, here are some simple tips that will get you started: Filling in areas…
Read moreToronto Condos Increased Development Charges will most Likely be Passed onto Buyers
Every time a new condo is developed it puts an additional strain on the city. New services such as water and electricity are required, often with new piping and infrastructure needing to be built in order to accommodate the increased demand. The cost for these services are passed onto the builder by the City and…
Read moreTop Points from the National Household Survey
The National Household Survey is a survey compiled every year by Statistics Canada so they can gather social and economic data about Canadians, where we live and how we live. Everything from transportation to our careers is always covered, and here are the top points from this year’s survey which was done just last week:…
Read moreTop 10 Reasons for Bankruptcy
Last week we talked about what the average bankrupt Canadian looks like. After a survey was completed by bankruptcy trustees Hoyes, Michalos & Associates, it was found that that’s a 43-year-old man that owes more than $60,000 in non-mortgage debt. But of course, bankruptcy does not discriminate by age, gender, or any other factor, and…
Read moreMoney Talks: Volume 31
Personal Finance We all have things we wish we had done differently with our finances. This week Boomer & Echo looks at their biggest three money regrets. Are you a baby boomer? Everyday Money shows how you might be underestimating the costs of your long term care. Gail Vaz-Oxlade sheds the light on one very…
Read more5 Factors Threatening the Canadian Economy: Business’ “Dead Money”
For the past two days during our mini-series on the biggest threats to the Canadian economy, we’ve focused mostly on household and consumer spending. But as we all know it can’t just be consumers that support the economy, businesses have to do their share too. But those businesses also ran into trouble during the recession…
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