To Build or Buy Your Home? The Pros and Cons of Each
When you’re looking for a new place to call home and you know you want to buy a brand new one, you have two options: you can search the market looking for that one that seems as though it was made for you, or you can build one that actually was. So, what’s the best…
Read moreHousehold Debt Reaches All-Time High
Yep, it’s that same old story again. Our household debt is higher than it’s ever been, and while the Bank of Canada is taking the time to congratulate us on the fact that the amount of our credit accumulation is stabilizing, it can’t be denied that it’s still climbing- even if it’s at a slower…
Read moreMoney Talks: Volume 16
With all kinds of talk going on this week about mortgages, real estate, and just other financial topics in general, let’s get right into this week’s edition of Money Talks! Personal Finance Debt is a huge issue for everyone these days, but there are lots of ways to get out of debt. Financial Highway gives…
Read moreIs the Return on an Education Worth the Money You Spend for It?
Education is one of those things that, theoretically, should be considered to be “good” debt. But, facing today’s interest rates placed on these loans (5.5% is the current average rate until the rates increase,) and the fact that tuition is growing well above the pace of inflation (5% and 2% respectively,) it can sometimes be…
Read moreDifferences between CPP and OAS
A lot of Canadians made a lot of noise last year when Federal Finance Minister Jim Flaherty announced that those younger than 54 would need to wait another two years before they received any government assistance as they got older. The Old Age Security (OAS) benefit was being pulled back from 65 to 67, and…
Read moreThink Boomers are Going to Scoop Up all Those Condos? Think Again!
There are quite a few people who would be very happy if the aging Baby Boomers came in and scooped up all the excess condos in cities such as Toronto or Vancouver, where there’s a gross overstock on the market. Now, a new survey from Royal LePage says that we shouldn’t be holding our breath…
Read moreIs a “Lacklustre” 2% Rise in Home Values Such a Bad Thing?
TD Economics has released a report titled “Long-run rate of return for Canadian home prices,” which states that home prices should see a “lacklustre” return of only 2 per cent this year. And while that has some panicking, especially on the heels of the news that our economy is expected to slow in growth. But,…
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