No Need for Further Tightening of Mortgage Rules: Flaherty

General Angela Calla 11 May

There has already been “some softening” in the Canadian real-estate market so there is no need for further tightening of mortgage rules, Finance Minister Jim Flaherty said Tuesday. In his first public comments since the election, Flaherty said the country continues to weather the ongoing upheaval in the global economy. He said his first priority […]

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Vancouverites most willing to make joint purhcase of a condo

General Angela Calla 10 May

Condo Poll finds Vancouverites most willing to make joint purchase of a condo – VANCOUVER, May 10 /CNW/ – The majority of Vancouverites who recently purchased or intend to purchase a condo say that if they had more money, they would prefer to buy a house instead.  The 2011 TD Canada Trust Condo Poll, which […]

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Mortgage and Title Fraud Explained

General Angela Calla 4 May

In a time where identity theft and Ponzi schemes are plastered across the daily news, the last thing you want to worry about is yet another way to lose your hard-earned money.   But as a homeowner, you need to be aware of crimes on the rise known as mortgage fraud and real estate title […]

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First time hombuyers have more down payment options

General Angela Calla 4 May

With interest rates still sitting near historically low levels – with nowhere to go but up – now is an ideal time for first-time homebuyers to embark upon homeownership.   But if low interest rates still don’t tip the scales on your decision to enter the property market, perhaps the information below will.   Down […]

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Coming Soon-Higher Interest Rates

General Angela Calla 2 May

Higher Canadian rates, sooner. That’s what the markets figured out this week and that’s what is powering the Canadian dollar. Sometimes when you see a big market reaction you know it’s probably an over-reaction and you can ignore it – but not this time. Let’s start with a little tutorial (no, please keep reading, it […]

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What’s your Financial Fitness?

General Angela Calla 28 Apr

Canadians can now get their individual Financial Fitness Score to help discover how financially fit they are courtesy of Genworth Financial and the Canadian Association of Credit Counselling Services (CACCS).   This new Financial Fitness Score, the first of its kind in Canada, is available online at www.financialfitness.ca <http://click.icptrack.com/icp/relay.php?r=14777983&msgid=371287&act=G0OG&c=191858&destination=http%3A%2F%2Fwww.financialfitness.ca> . The score is based on […]

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Keeping Rental Expenses Tax Deductable

General Angela Calla 28 Apr

Whether it’s a duplex, a cottage or a Florida getaway, a second property can be a rewarding investment over time. But if you’re not careful, it can prove taxing as well. A little planning goes a long way.   The following are some common mistakes financial planners see in their practice, as well as some […]

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Average Debt Load for 76% of Canadians is $119k, you can cut these costs with some planning

General Angela Calla 28 Apr

Canadian household debt loads hit record territory this year, surpassing even levels south of the border. A new Statistics Canada paper <http://click.icptrack.com/icp/relay.php?r=14777983&msgid=371287&act=G0OG&c=191858&destination=http%3A%2F%2Fwww.statcan.gc.ca%2Fpub%2F11-008-x%2F2011001%2Farticle%2F11430-eng.pdf>  out last Thursday sheds some light on just who’s most indebted and why.   First, the aggregate numbers: household debt for Canadians more than doubled between 1984 and 2009 – from $46,000 to […]

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Canadians Struggling to save and pay off debt; 38% have no savings

General Angela Calla 21 Apr

Canadians struggling to save and pay off debt; 38 per cent have no savings LuAnn LaSalle, The Canadian Press Many Canadians are finding themselves caught between the struggle to save money and repay their debts, says a survey from TD Bank. And with interest rates expected to rise this summer, clearing debts probably won’t get […]

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