Re-appraisals Demanded in Calgary after the Flood
The whole nation has been talking about the Calgary flood ever since they swept out a large portion of that city at the end of June. And while we’ve talked here about how home sales have been booming in Calgary ever since, there’s another phenomenon happening here, too. Lenders are demanding re-appraisals on properties that they’ve…
Read moreMore Canadians in Debt this Year
This past weekend we talked about the amount of highly indebted Canadian families, a group that the Canadian government remains concerned about. The concern is valid, as BMO has just done their annual debt survey and found that not only are Canadians taking on more debt, but they’re finding it’s also taking longer to pay…
Read moreFederal Deficit for April, May Rises to $2.7 Billion
It’s no secret that Prime Minister Stephen Harper wants to get the country’s books back in balance by the year 2015 – the year when he hits the campaign trail once again. But with the latest numbers coming in, and showing that Canada’s deficit was almost $1 billion more than it was compared to a…
Read moreNumber of ‘Highly Indebted’ Canadian Families Rising
Whether it’s the debt or the deficit there has been a ton of talk recently about the amount of debt we as Canadians continue to pile on. And while our household debt levels have been waning slightly over the last several months, it’s still at an all-time high and a huge concern to policymakers. What…
Read moreMoney Talks: Volume 35
Those who are looking for summer saving tips will find them in this week’s edition of Money Talks; while those in disaster-hit areas are still trying to get their summer started. We also have for you this week a story about the latest layoffs at BlackBerry, and an in-depth look at mortgages from angles that…
Read moreDisadvantages of Prepaid Credit Cards
Prepaid credit cards can often seem like the perfect solution for those who have high debt, poor credit history, but still sometimes need to be able to use a credit card for things like reserving hotels or car rentals online. But nothing in life is perfect and unfortunately, that holds true for what may seem…
Read moreAverage 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…
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