Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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How to keep your home after separation—even if you don’t qualify alone + MORE Apr 18th
Separation and divorce are hard enough without throwing mortgage stress into the mix. One of the most emotional questions we hear is, 'I want to keep the house, but I don’t make enough on my own to qualify—what can I do?'.... More »
Making an RRSP withdrawal to pay the mortgage + MORE Dec 5th
(Getty Images/Arda Guldogan)
Q: I just bought a new house. I have a $250,000 mortgage at 2.97%. We have a little over $2 million in investments, but they are all in RRSPs in fairly conservative investments. Last year we made 7% and this year made probably 5%. We are in our early 50s and still worki.... More »
Higher Default Insurance Premiums on the Way? + MORE Sep 25th
Canada’s banking regulator wants mortgage default insurers to put more money between themselves and taxpayers, especially for mortgages they insure in riskier cities. The new rules, detailed today by OSFI, will force government-backed insurers to bolster their capital on mortgages in certain area.... More »
Toronto, Vancouver weigh on housing starts in first half of year: CMHC + MORE Sep 10th
Canada Mortgage and Housing Corp. says growth in overall housing starts was flat during the first half of the year compared with 2024, though there were significant regional differences..... More »
Housing starts up 3% in January, but trade risks add ‘significant uncertainty’: CMHC Feb 20th
Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December, helped by strength in multi-unit starts in Quebec and B.C..... More »
Cash Store faces new payday loan rules: Roseman
– thestar.com
The Payday Loan Act will be amended to protect consumers who get a basic line of credit at Cash Store, a lender that is not licensed in Ontario.Mortgage Career of the Week
– canadianmortgagetrends.com
Company: Street Capital Position Title: Regional Vice President Previous Experience Required: Min. 3 years mortgage experience; Min. 4 years sales and/or relationship management experience Licences or Registrations Required: No Location…
Financial Resolutions 2014: 4 New Ways You Should Manage Your Money
– ratesupermarket.ca
While everyone else is making resolutions to eat less and exercise more, why don’t you focus some energy on getting your finances into shape? Here are some financial resolutions 2014 worth sticking to, and tips to how to end the year with more money in the bank than you started with.
Resulotion 1: I’ll Track Spending, Then Set A Budget
The best way to ensure you have more money in the bank at the end of the month is to spend less of it. You should set a budget for yourself and stick to it.
The first step in setting a budget is to track your current spending. Pull out a few months’ worth of recent bank statements, credit card bills, and your utility bills to start with.
Using a program such as Excel, set up columns for the various things you spend money on. The more specific you are, the easier it will be to spot areas to cut back on later:
•Rent/mortgage
•Household utilities (itemize each one separately)
•Cellphone bill
•Public transit
•Taxis
•Gasoline
•Auto repairs and maintenance
•Groceries
•Restaurant meals
•Takeout coffee
•Bar tab
•Clothing
•Books and magazines
•Concerts and movies
In short, if you spend money on something, create a column for it…
