Debt doesn’t have to be a four-letter word. Well, it is but it doesn’t have to be a bad thing. It all depends on what kind of debt you have. There are two types of debt: Good and Bad, and if you’ve ever tried to get a loan, these debts are analyzed before a lending decision is made. Now this … Read More

Everyone at one point or another gets a reality check that makes it clear that you’ve been a bit too free and careless with your finances …and it’s time to make a change. Debt is not necessarily a bad thing, but you want good debt, not bad. If that sounds familiar and you’re looking for a way to be a … Read More

Canada Mortgage and Housing Corp. is making changes intended to make it easier for the self-employed to qualify for a mortgage. The national housing agency says it’s giving lenders more guidance and flexibility to help self-employed borrowers. Self-employed Canadians may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable. CMHC is providing … Read More

Yesterday, the Bank of Canada (BoC) hiked the overnight rate 25 basis points to 1.50 per cent, the fourth increase in the last 12 months. In its release, the Bank noted that the housing market seemed to be stabilizing, and would be able to weather the hike. Some economists agreed with the sentiment, while others argued that there is still … Read More

A major Canadian housing price index rose for the third consecutive month in June, as the demand for condos continues to rise. The Teranet-National Bank Composite National Price Index jumped 0.9 per cent month-over-month in June, following a 1 per cent rise in May. “Condo prices have risen at a fast clip since the beginning of the year in Toronto … Read More