Mortgage-Free Eventually: RBC Poll Finds Majority of Canadians Hope to Pay Off Their Homes by Retirement

A third of older Canadians with a mortgage will carry debt into their 70’s Half of Canadians think interest rates will stay the same in the next year TORONTO, November 17, 2011— Nearly three-quarters (72 per cent) of Canadians with a mortgage hope to bemortgage-free by the time they reach age 65, but one-third (33 per cent) […]

Six questions you should ask before adding more debt

ROMA LUCIW – Globe and Mail Update Catherine and her husbandtapped into their first home equity line of credit 15 years ago, when they needed $30,000 to buy a car. The rate on the line of credit was attractive and, having been mortgage-free for a decade, the Thornhill couple figured it would be a quick and easy […]

Most Canadians feel their debt situation better than others’

OTTAWA — When Canadians see news about the country’s growing issue with personal debt, it seems most feel it’s other people — not them — causing the problem. At least that’s the suggestion of a survey done for Royal Bank of Canada, results for which were released Wednesday. The RBC poll had 75 per cent […]

RBC predicts Canadian economy will grow 3.2% in 2011

March 11, 2011 Canada’s economy will grow by 3.2 per cent this year, assuming rising American demand for consumer goods and autos, according to a report issued Friday by Royal Bank. Economists at the bank predict net exports such as cars and commodities will boost economic growth this year and next, as those industries account […]

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