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 […]

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 […]

Good Morning, As suspected rates have held steady this morning, meaning no change to variable rate mortgages or lines of credit with the current payments. Fixed interest rates (which are tied to the bond market) have been on the rise over the last week on average 30 basis points. With timing being a key componet to financial freedom […]

JEREMY TOROBIN – The Globe and Mail As the recovery gains momentum, it’s increasingly clear a summer interest-rate hike is in the cards, even if Mark Carney is very unlikely to touch borrowing costs this Tuesday. And for the first time in more than a decade, one of the Bank of Canada’s most effective tools […]

Why we might see a rate hike sooner rather than later Paul Vieira, Financial Post OTTAWA — Stronger economic growth, propelled by a commodity boom and an improving U.S. job market, will prompt the Bank of Canada to begin rate hikes in July to a 2% level by the end of the year and 3.5% […]

  Having trouble viewing this email? Click here       April 2011       Angela Calla, AMP Dominion Lending Centres Phone: (604) 802-3983Cell: Fax: (604) 939-8795E-mailWebsite     DID YOU KNOW… Dominion Lending Centres’ national spokesperson is Don Cherry. Don has a recognizable presence and voice across Canada, and is best known for […]

Canada’s big banks raising residential mortgage rates ahead of busy period By The Canadian Press TORONTO – Several of Canada’s big banks are raising most of their fixed-term mortgage rates ahead of the busy spring real estate market. TD Canada Trust (TSX:TD) TD said the biggest increases will be for mortgages with terms of five […]

The Lure Of Living In B.C. Real estate adviser Ozzie Jurock describes his passion for this province – and the reasons why he will always buy B.C. real estate. By Ozzie Jurock         First off, I just love B.C. B.C.’ers have learned to become a “black belt in life” – that truly balanced […]

Experts best at brokering mortgage    Denise Deveau, Postmedia News · Mar. 30, 2011 | Last Updated: Mar. 30, 2011 4:04 AM ET Cheryl Hutton and Aaron Coates always thought getting a mortgage would be a challenge. But within 18 days of visiting a mortgage broker, they were able to close a deal on a […]

With a busy spring market, I found this article of interest. The delicate art of negotiation WillingSellerWillingBuyer.com When Jody bought his condo, he beat out a competing offer that was $10,000 higher. How? A little strategic psychology and the WillingSellerWillingBuyer.com real estate system!       Jody W  is one happy man. Just before the holidays this renter […]