CMHC’s Gloomy Outlook: Up to 18% Drop in Home Prices, 20% Arrears Rate + MORE May 23rd

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Technology’s Role in Canada’s Evolving Mortgage Industry May 29th

COVID-19 has dramatically changed the course of many industries and threatened the physical, mental and financial wellness of millions of Canadians. In the housing sector, real estate sales volumes have dropped significantly and rapid increases in unemployment have added uncertainty to many transact.... More »

Deferring Your Mortgage Could Cost You More Down the Road + MORE Jun 4th

Well over 700,000 Canadian homeowners have now taken advantage of various mortgage payment deferral programs offered by most mortgage lenders. It’s no wonder there’s been so much demand, considering more than three million jobs have been lost across the country since the start of March when the.... More »
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How to Read Your Credit Report + MORE Jun 1st

Your credit report summarizes your credit history and helps lenders weigh your credit risk. Often your credit report is initiated when you apply for your first credit card. Over time it can help you reach your larger financial goals such as obtaining a rental agreement or mortgage. When you apply f.... More »
The head of the Canada Mortgage and Housing Corporation delivered a particularly gloomy forecast while testifying remotely before the House of Commons Finance Committee on Tuesday. Among those predictions, CMHC CEO Evan Siddall said: Home prices could fall from their peak by 9% to 18% over the next year Mortgage arrears could top 20% Mortgage deferrals could jump to 20% from 12% by September Canada’s debt-to-GDP ratio is estimated to rise from 99% pre-COVID to 130% by Q3 The debt-to-disposable […]

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It’s all about cash flow.


It’s all about cash flow.

Positive Cash flow is when you have more money coming in than goes out each month. Simple to understand but for many of us, this just isn’t happening right now.  

If you are experiencing a negative cash flow situation,  you need to take action now. Here are some steps you could take to improve your situation.

Step 1 – Identify your cash flow.  

Add up any and all income that you are receiving.Add up all your current living expenses.  

If the math is positive, you are one of the lucky ones.  If the math is negative or you want to improve your cash flow,  continue to Step 2.

Step 2 – Determine which expenses you can change.  

Simple examples would be to cut out cable tv and just keep the internet.  Using Streaming services? Pick your favorites and cut the rest.Take advantage of the 6-month mortgage deferral option.  Cut out any subscriptions to news sites or other unnecessary costs…

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