10 Dec 2012

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Canadians borrowing less: who do you believe

With articles being published suggesting the “Great Canadian Borrowing Binge is Winding Down” and another “Average consumer debt in Canada rises past $26,700”, who do you believe? Before you take sides, consider this article “Canadian banks ring up hefty profits as consumer lending boom continues”, are you confused yet? The Bank of Canada as well as Mr. Flaherty like to talk about consumer debt from a general sense but neither has taken the time to distinguish between mortgage debt and other sundry debt i.e. credit card, vehicle financing, etc… I get it, increasing mortgage debt could leave the tax payors on the hook should the…

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7 Dec 2012

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The 5 Commandments of Christmas gift...

I came across an excellent post earlier this morning and had to share. My favorite sentence “When you…

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5 Dec 2012

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Fiscal Cliff and it’s Impact on...

How Obama’s re-election and the fiscal cliff could impact real estate and mortgage rates. Now that Barack Obama…

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3 Dec 2012

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Windowless bedrooms in condo ok…

I read an article yesterday about windowless bedrooms and how they don’t pose a safety threat. “Windowless bedrooms…

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24 Oct 2012

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Bank of Canada Maintains Status Quo

The Bank of Canada remains committed to the status quo as global headwinds continue to restrain economic activity.…

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22 Oct 2012

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Mortgage Rule Changes: What Do They...

Lets take a person earning $60,000, no debt and a credit score less than 680. Today this person…

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22 Oct 2012

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Do Your Homework Before Getting a...

Why it pays to do your homework before you get a mortgage. Aside from being the biggest financial…

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22 Oct 2012

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65% LTV HELOC Has Arrived

And so it begins… Effective September 4, 2012 National Bank is implementing the new Home Equity Line of…

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22 Oct 2012

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Canadian Banks are Defrauding and...

Canada’s banking system has been the subject of international praise from economists grappling with global turmoil, but one…

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22 Oct 2012

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Our Best 10 Year Mortgage Strategy

My friend Nathan is a tax accountant and he is great at looking at things objectively. Last week…

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22 Oct 2012

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New Penalty Disclosures On The Way

In the past, financial institutions would not provide borrowers with the complex formulas and examples needed to accurately…

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