household debt

I’m going to lose weight. I’m going to quit smoking. I’m going to pay off my mortgage. Those are the January vows we make every year.

Saving for a down payment feels like it can take a lifetime. House prices have climbed to over $450,000 on average, meaning a buyer making a standard 20% down payment will need to save $90,000 to … Read More

When faced with financial difficulty, it’s natural to worry about what you might lose if things get serious. If you get so deep into debt that you have to file for bankruptcy or a consumer proposal, … Read More

This is a guest post from Borrowell. “Whatever you do, don’t go into debt!” That, in a nutshell, is what we hear again and again from governments and financial planning experts. It may be good advice, … Read More

Just when we thought there were enough headlines to fill our monthly update, the federal government made an announcement only minutes before the long weekend. Without giving too much away, there are a number of changes being … Read More

For the past four years, Simon and Marielle Boyce have written a blog together, documenting how living a sustainable lifestyle can also be financially sustainable. On Sustainable Personal Finance, the couple has shared the reasons why … Read More

Mortgage lenders take closer look at postal codes after flooding – CBC News  Earlier this week, a mortgage broker announced that some lenders in Alberta were beginning to flag postal codes in flood-prone areas of southern … Read More

Rising rates creating increasing dilemma for homeowners – Financial Post For the last couple of years, locking in your mortgage at a record-low 5-year or even 10-year fixed rate was an easy decision. Today, however, rising rates … Read More

First-time homebuyers take great pride in home ownership – Brandon Sun The current historically low mortgage rate environment has been enticing many first-time homebuyers to get into the real estate market. While these rates are helping … Read More

This week in mortgage and housing news, Canada’s Finance Minister announced a change for the CMHC which should lead to a tightening of mortgage credit. Also, we are seeing record levels of condo activity in a … Read More