Bank Satisfaction Falls

Decrease in Bank Satisfaction could Benefit Vancouver Mortgage Brokers Customers became less satisfied this year with big and  mid-sized banks in Canada, according to a report released by J.D. Power and Associates. A large part of this is due to a decrease in satisfaction relating to fees. The study does not highlight satisfaction related to […]

One Year Fixed Rate Mortgage – Low Rate Mortage

Low Mortgage Rates on your Mind? Consider the One-Year Fixed Rate Mortgage In recent years we’ve heard quite a bit of talk from economists, banks and even Mr. Flaherty himself about the direction of mortgage rates; we were told they could only go up. But contrary to what market pundits were saying, mortgage rates fell even further. The […]

Buying a house? Don’t go to the bank

I sold my property last week and I’m in a mad scramble to find a new home. With my wish list in hand and a pre-approved mortgage under my belt, I’m confident I’ll eventually find what I’m looking for. Much to the chagrin of my financial planner, a bank employee, I’ve decided to use an […]

Average Canadian’s consumer debt hits $25,960

The average consumer’s debt load climbed to a record high $25,960 at the end of 2011, although annual data from a credit bureau report released today suggests that the Canadian love affair with debt is waning. Consumer debt, which excludes mortgages, edged 1.4 per cent higher in the fourth quarter of 2011 from the previous […]

2 Out of 3 Don’t Shop at Renewal

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expect. Manulife recently surveyed 1,000 Canadian homeowners between the ages of 30 to 59. Among respondents with a mortgage, two-thirds (65%) did not […]

Should you tackle your small or large debts first?

KATHERINE SCARROW Globe and Mail Update When it comes to tackling debt, logic isn’t always at the forefront of our decision-making. According to a new research study, consumers routinely mismanage multiple debts, paying off small debts first even when larger debts have higher interest rates. “People want to wipe the books clean,” says Scott Rick […]

Canadian banks envy of the world

MONTREAL – What’s wrong with this picture? Banks in the U.S. and Europe are struggling to adjust to new rules that limit their speculative trading and boost their capital requirements. They’re bracing for a big hit in credit markets if the European debt crisis gets any worse. But here in Canada, life is great. If […]

Five year-end tax tips to save you money next spring

With just a few weeks to go until the curtain falls on 2011, you still have time to squeeze in some year-end tax planning between those trips to the mall and the holiday parties. Time spent doing some planning before Dec. 31 can reap huge rewards come next April. Here are five things to consider: […]

5 reasons why a fixed-rate mortgage could be your best bet

It’s a decision that millions of Canadian homeowners struggle with repeatedly during their time as homeowners: Do they choose the security of a fixed-rate mortgage, or opt for the flexibility (and usually lower cost) of a variable rate and hope that rates don’t spike higher? But right now, conditions in the mortgage market mean homeowners […]

Global Economic Uncertainty Will Keep Canada’s Growth Moderate in 2012: RBC Economics

Central banks expected to keep interest rates low and maintain liquidity Canada’s net debt to GDP ratio the lowest among the G-7 Scope of European economic crisis widens – Europe expected to slip into recession TORONTO, December 6, 2011— After a turbulent year, Canada’s economy is set to grow by 2.5 per cent in 2012, […]

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