Delivering you the very best money tips, news, and how-to's in Canada every single week. Wondering how to break up with your bank, how to save thousands on your mortgage, or how the latest economic news affects you? You're in the right place.
January is turning into one of the hottest months ever for real estate sales. Realtors say they have never experienced such a busy January. In my opinion, 2012 could be one of the hottest years for real estate. The mini boom the country is experiencing now will only grow as we move into the busiest real estate season. What’s behind the boom?
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Since fixed mortgage rates have been dropping like flies lately, many Canadians are beginning to wonder if they should abandon their current mortgage and refinance at a lower rate. “How do I do this? Is it worth it? What is it going to cost me? WHERE DO I BEGIN!?” … sounds stressful doesn’t it? Let me help!
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You’ve probably heard the saying before: “Everything in life moves in cycles.” And guess what, this same wisdom applies to the financial life cycle as well. So – what does the current credit cycle tell us about growth investments? Let’s look back from the financial crisis of 2008, to where we are today. Ready?
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It doesn’t take kids long to recognize the power of plastic. My oldest daughter is barely six, but if my wife or I try to use the “I have no money…” line to get out of buying another toy or treat, she’s likely to say, “Well, use your credit card.” The point being, she gets how to use them, she just doesn’t really understand how they work. Should you give your kids a credit card? And, if so, when?
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Do you still have those dreams where you’re in school and you’ve missed or made a huge mistake on an important test. Sorry to make you anxious, but you’re actually still being tested, possibly without you realizing it. Every time you borrow money, use your credit card or pay a bill, you’re being evaluated by Canada’s financial system. Your grade is your credit score.
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Want to know what the outlook is on mortgage rates for the next 30 to 40 days? Our panel of mortgage experts share their views on Canadian Mortgage Rate Trends.
Panel Consensus
January 2012
