Friday Mortgage Round Up: August 31st, 2012
Mortgage News / Mortgages

Friday Mortgage Round Up: August 31st, 2012

Whatever happened to actually saving for a purchase? With Canadian debt levels at an 8-year high, it’s safe to say saving has become an antiquated concept. But when it comes to your mortgage, upping the down payment ante can make a HUGE difference for your return on investment. Want to learn more? We’ve crunched the numbers for you with our new Mortgage Calculator! Continue reading »

Canadian Debt Reaches 8-Year High
Debt Repayment / Economic News / Personal Finance News

Canadian Debt Reaches 8-Year High

Bank of Canada Governor Mark Carney has repeatedly warned Canadians to simmer down on their borrowing costs – but that hasn’t stopped us from racking up a new 8-year record high debt level. According to credit bureau TransUnion, average Canadian debt levels (excluding mortgages) reached $26,221 in the second quarter – an increase of $192. Continue reading »