The average Canadian now owes more money when contrasted with income than in any time in the Nation’s history. Studies have shown that many households would experience catastrophe if they had a sudden job loss or work preventing injury. The basis of this is that the vast majority of Canadian households have absolutely zero…
While every home owner in Toronto is sure to enjoy the dramatically rising house prices they are currently experiencing there is one downside to those ever increasing prices and that will be recognized very soon with the new property tax assessment warnings that will be landing in every home in the coming weeks if they…
In today’s age of spend and spend some more the days of planning for a comfortable future are pretty much over for most average Canadians. It is pretty hard to save for a rainy day or heaven forbid retirement when you are more concerned with simply putting food on the table and making sure the…
In an economy that is still, quite obviously, recovering from the downturn in 2008 the unemployment rate across the country has proven to be a roller coaster of a ride. Despite adding a reported 26,200 jobs in August the unemployment rate is still climbing to levels that have been seldom seen. The boon in August…
There are many instances where you may be approached by a member of the family or even a close friend to co-sign a loan for a car or personal loan and in some cases even for a mortgage. If you are financially secure and those around you are not then you may well find yourself…
When it comes to buying a house or even re-financing it you have some big decisions to make. First you have to decide on who the lender is going to be. Most likely you will want to approach one of the lending institutions for this such as your bank, or companies that are mortgage lenders.…
Surprisingly a lot of people don’t pay much attention to their credit score until they are ready to make a major purchase like a home. Then they are faced with the realization that this is going to be a big factor in whether they will qualify for a mortgage, or if they do what interest…
The troubles at Deutsch began long before the recent Department of Justice leak that indicated that they may be on the hook to the tune of about $14 billion for their role in the sub-prime mortgage scandal that rocked the world in 2008. Since that time the bank has been hit and hit hard by…
We are nearing the one year mark since Justin Trudeau put on the hat of prime minister. He did so with a lot of support and enthusiasm behind him. For the most part the general public has been very patient with allowing this young prime minister to settle into this important role as leader of…
Everyone has heard the horror stories of celebrities or even regular folks who choose a financial advisor and then end up losing their life savings when that person ends up being a complete fraud or simply incompetent in money management. Using your brother in laws cousins’ uncle simply because of the family ties is another…
