Mortgage amortization will determine your monthly payments and the total interest you’ll end up paying on your mortgage. So, should you go long or short? Continue reading »
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Canadian Household Debt Hits Record High – $1.8-Trillion Owed
According to a new Equifax report, Canadian consumer debt has now climbed to over $1.8-trillion, up from the $1.797 trillion reported in the previous quarter. And concern arises as… Continue reading »
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Missing Out on the Market: New Report Finds Millennials Simply Aren’t Investing
According to a recent OSC report, saving up for a home and paying down debt seem to take priority by far over investing for millennials.
While 80 per cent have savings accounts, only half are investing, and 42 per cent have less than $25,000 in the markets due to… Continue reading »
Credit Card Debt / Debt Repayment / Economic News / Growing Your Money / Lifestyle / Lifestyle News / Mortgages / Personal Finance / Personal Finance News / RSM News / Savings / Uncategorized / Your Budget
Canadian Household Debt Hits New Record High
Statistics Canada says our debt-to-disposable income ratios are at an all-time high, but it’s not all bad news. Read on to find out the factors influencing these numbers on how you can narrow the gap. Continue reading »
Is Credit Card Debt Good for Canada’s Big Banks?
We’ve all heard the warnings about carrying too much credit card debt – but a recent study finds Canadian card balances may actually be of benefit to the nation’s biggest lenders. Continue reading »
Your 2016 Financial Outlook
What top economic issues are sure to take centre stage (and hit your wallet) next year? Check out our 2016 financial outlook. Continue reading »
Dire Debt Warnings from the Bank of Canada: Financial System Review
There are new debt warnings from the Bank of Canada, as the level of highly indebted households have doubled since the financial crisis. Are you at risk? Read on for our breakdown. Continue reading »
Canadian Mortgage Debt Improving: CMHC Q3 Report
Canadian home buyers are doing a better job of paying off their mortgages, reports the CMHC’s Q3 update. The average credit score of borrowers is also improving – read on for the full story. Continue reading »
4 Money Pledges to Make in 2015
Want to start the year with less debt and more spending power? Here are 4 money pledges to make in 2015 to make it your richest year ever. Continue reading »
December Debt Worries
Two December debt reports were released this week with some dire news for Canadian consumers. Here’s what you need to know, plus the week’s top finance headlines. Continue reading »