It’s Going to Get Tougher to Get a Mortgage
Well, it looks like people can put off any talk of a housing bubble. If Canada were in one, the government and the CIBC have started to deflate it by now making it that much harder to buy a home. It’s not impossible no; and we’ve certainly had tighter rules and way, way higher interest…
Read moreCanuck Credit Card Spending is Up
Merry Christmas! It’s here, Christmas morning is here! And while we all watch kids unwrap presents, or just spend time with our families and relax – our credit cards are doing the same thing, relaxing. After weeks, (and for some of us, months) of spending, spending, spending, credit cards are finally getting their break too….
Read moreCanadians Finally Doing Something About Debt!
Maybe it was hearing that for the first time since the recession hit, our household debt levels surpassed those of the United States. Or maybe it’s the fact that 2012 is looming ever-closer, and that means that the time is running out on Mark Carney’s promise to keep interest rates low for the remainder of…
Read moreShould Mortgage Rules be Even Tighter?
It was almost a full year ago when Jim Flaherty announced that the amortization period on insured mortgages would be reduced to 30 years instead of 35, while at the same time the federal government put tighter restrictions on borrowing through HELOCs and home equity loans. All of this in an effort to reduce Canadians’…
Read moreCan You be an Extreme Couponer in Canada?
We usually gather on this blog to discuss the latest Canada mortgage news and discuss how you can get and use things like home equity loans. Today though, we’d like to talk about a way to use that mortgage (and those loans) to save you even more money – we’re talking about extreme couponing!
Read moreWhy Being Thirtysomething is So Financially Stressful
The thirtysomething years are supposed to be some of the best times of your life, right? You’ve probably already gotten your career off to a flying start (or at least now know what you want that career to be;) you might be married, maybe you even have a child, or several. And you may even own your own home; maybe even with your own car sitting in the driveway. So what’s to be stressed about? Easily summed up, all of the above.
Read moreHow Much will You Spend this Christmas?
Every year it seems, people tap into their HELOCs and run up credit card charges, all in an effort to buy gifts for those they love (and maybe even try to make it bigger and better than last year.) But, we as Canadians are going to be a little smarter with our money this year. While we’ll still buy gifts, and probably make sure that ‘everyone has a little something,’ we’re not planning on spending as much as we have in the past.
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