Life expectancy for Canadians rises to 80.9 years

familylendingFamilyLending.ca, General Interest, Household Budget, Property Maintenance

Life expectancy at birth continued to rise, reaching a new high of 80.9 years during the three-year period from 2006 to 2008. This was up 0.2 years from 2005-2007. Life expectancy at birth was above the national average in three provinces: British Columbia (81.4 years), Ontario (81.3 years) and Quebec (81.0 years). The lowest life expectancy at birth was recorded in the three territories combined (75.2 years).

Consumers paying more for home insurance but mortgage interest costs decreased in Aug

familylendingGeneral Interest, Household Budget, Housing Costs, Mortgage News, Refinancing my Property, Residential Mortgages

The Consumer Price Index (CPI) rose 3.1% in the 12 months to August, mainly as a result of higher prices for gasoline and food purchased from stores. This follows increases of 2.7% in July and 3.1% in June. On a seasonally adjusted monthly basis, consumer prices rose 0.3% in August. The 0.4 percentage point difference between the year-over-year increases posted in August and July was mainly the result … Read More

Housing Types

familylendingFamilyLending.ca, Financial Tips, First Time Home Owner, General Interest, Household Budget, Housing Costs, Residential Mortgages

From townhouses to triplexes, there are numerous types of properties available to Canadian consumers. Not sure what layout works best for your family? Then check out our explanation of typical housing types below. Your mortgage payments and regular monthly bills may change depending on the kind of house you acquire, therefore it is vital that you carefully weigh the pros … Read More

Establishing Credit History

familylendingCredit Rating, FamilyLending.ca, Financial Tips, Household Budget

When you pay your charge card, electricity or even water bills, you’re establishing your credit track record and developing a good credit ranking. Having a good credit score will show banks, loan providers, as well as mortgage businesses that you are financially sensible as well as able to make normal repayments. In the end exactly what this achieves, is it … Read More

Tips for Turning Your Home Into an Income Property

familylendingFamilyLending.ca, First Time Home Owner, Household Budget, Investment Property, Property Maintenance, Residential Mortgages

For years, people across Canada have been turning run down, old properties into money, by transforming homes into income properties. Although most people who watch home renovation or real estate television shows can picture themselves quickly fixing or transforming a property for a financial return, it isn’t always that easy.  If done correctly however, renovating your first home to become … Read More