The One Time You Need a Credit Card
Generally, credit cards bring a kind of debt that you don’t want. They come with high interest rates and are considered ‘bad debt,’ since you’re not actually investing in anything for your future when using them. However, there is one time you need a credit card, and that’s if you run a home business.
Read moreBank of Canada Interest Rate Decision Coming Tomorrow
Tomorrow, the Bank of Canada will make its rate hike decision, though the consensus appears that no change is imminent. A survey of 37 economists predicts that there will not be a rate hike tomorrow and that while it is a slight possibility that there will be a hike in September, it is much likelier…
Read moreGetting a second mortgage in Canada – Things to be taken into account
The purpose of taking out a second mortgage loan in Canada.
Read moreIMF To Canada: Consumer Debt Is A Problem
IMF to Canada: Consumer Debts Are a Problem. Canadians need to watch out, as their consumer debts and other liabilities are really taking a big bite out of their income. With so much “interest drag”, how can one be expected to get ahead?
Read moreInterest Rates About To Spike? Think Again.
Bank of Canada to remain in neutral for at least the next few months, maybe more. Variable rates still the winner. Consider using a mortgage broker to access equity in your home to consolidate unsecured debts via a second mortgage.
Read moreInflation Rise Not Likely to Cause Interest Rate Hike
Despite inflation rise recorded in October, it is unlikely that Bank of Canada will hike interest rates.
Read moreBCREA Predicts One-Year Fixed Mortgage Rate Hike to 4.05% by End of 2011
BCREA forecasts that the one-year fixed mortgage rate could jump to 4.05% by end of 2011.
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