Lender Loyalty Could Cost Canadian Consumers Thousands
Personal Finance / Personal Finance News / RSM News

Lender Loyalty Could Cost Canadian Consumers Thousands

RateSupermarket.ca Pledges to Inform Canadians of Mortgage Money Saving Options TORONTO, March 9, 2010 … RateSupermarket.ca, Canadian consumers’ one-stop-site to quickly and easily compare over 500 mortgage rates from the country’s top providers, is embarking on a campaign to educate Canadians that shopping around for the best mortgage rates at renewal time could save them … Continue reading »

Canadians Worried About Debt – RBC Survey
Debt Repayment / Personal Finance / Personal Finance News

Canadians Worried About Debt – RBC Survey

RBC released its Canadian Consumer Outlook Index today which reported that despite continuing reports stating the economy is recovering quickly, Canadians are worried about their debt levels and are anxious about their jobs. The Bank of Canada reported last week that consumer credit held by the big banks rose in December 2009 to $336B amount … Continue reading »

Report Finds First Time Homebuyers Are Not Taking on Too Much Debt
Debt Repayment / Economic News / Mortgage News / Mortgages / Personal Finance / Personal Finance News

Report Finds First Time Homebuyers Are Not Taking on Too Much Debt

A study by Canadian Association of Accredited Mortgage Professionals (CAAMP) which surveyed its mortgage broker members who issued more than 40K home mortgages during 2009 totaling $10B found that Canadians are borrowing less to purchase their new homes rather than more. The study was done after the Finance Minister, Jim Flaherty, and the Bank of … Continue reading »