There was an article in the Globe and Mail today discussing a recent report by TD Bank. The report indicates that more Canadians are carrying debt into retirement. The report also states that the amount of debt for Canadians aged 45-65 is increasing. Quotes from TD Bank representatives state that this comes as a “surprise” […]
In: Real Estate News29 Sep 2011
Many people underestimate the importance of their credit score. This blog will highlight some of the problems that can arise if you don’t pay attention to your credit score. Credit makes the world go around. Without a credit score, or if you have a poor credit score, it could prevent you from buying a car, […]
Today, the Canadian Mortgage and Housing Corporation released their financial information. There were legally required to do so. This is progress! Canadians should be proud that we now have this level of statistics from Canada’s largest insurer of home mortgages and home equity lines of credit. Here are some highlights: – HELOCS has dropped by […]
This week has been a busy week for Canadian Banks. It started with Royal Bank’s announcement that they are raising their variable rate mortgage rate by 20 basis points (1/5th of 1%). The week continued with the Bank of Montreal reporting that profit increased by 8%, followed by National Bank reporting that they increased their […]
You might have to accept apologies on this blog post because it might see somewhat like a rant. But seriously, how much money should Canadians be expected to pay for a home? How much debt should a family take on in order to have a home in a good neighbourhood in Toronto. Perhaps some people […]
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